Foran Mining (CVE:FOM) PT Raised to C$5.00

Foran Mining (CVE:FOM) had its target price lifted by investment analysts at Stifel Nicolaus from C$4.75 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 54.80% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 18th. Ventum Financial increased their price objective on shares of Foran Mining from C$5.75 to C$6.00 in a report on Tuesday, June 4th. Finally, Eight Capital boosted their target price on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$5.51.

Foran Mining Stock Performance

Shares of FOM traded up C$0.12 during mid-day trading on Tuesday, reaching C$3.23. 1,032,725 shares of the company’s stock traded hands, compared to its average volume of 494,615. Foran Mining has a 12 month low of C$2.02 and a 12 month high of C$4.32. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55. The stock has a market capitalization of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68. The business’s 50-day moving average price is C$3.23 and its 200-day moving average price is C$3.23.

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.