Foran Mining (CVE:FOM) Price Target Raised to C$6.50

Foran Mining (CVE:FOM) had its price target lifted by Ventum Financial from C$6.00 to C$6.50 in a research note released on Thursday,BayStreet.CA reports.

Several other research analysts have also commented on the company. Stifel Nicolaus lifted their price target on Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets dropped their target price on Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th.

Foran Mining Stock Performance

Shares of CVE:FOM opened at C$3.23 on Thursday. The firm has a fifty day simple moving average of C$3.23 and a two-hundred day simple moving average of C$3.23. Foran Mining has a 52 week low of C$2.02 and a 52 week high of C$4.32. The company has a quick ratio of 2.90, a current ratio of 6.55 and a debt-to-equity ratio of 13.01. The stock has a market capitalization of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68.

Foran Mining Company Profile

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.