Foran Mining (CVE:FOM) Price Target Raised to C$5.25

Foran Mining (CVE:FOM) had its price objective hoisted by National Bankshares from C$4.50 to C$5.25 in a research note released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on FOM. Scotiabank increased their price target on shares of Foran Mining from C$4.25 to C$4.50 in a report on Tuesday, October 28th. Cormark increased their target price on shares of Foran Mining from C$3.75 to C$4.25 in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$4.65.

Foran Mining Trading Up 3.9%

Shares of FOM stock opened at C$3.23 on Thursday. The business’s fifty day moving average price is C$3.23 and its 200 day moving average price is C$3.23. The firm has a market capitalization of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The company has a debt-to-equity ratio of 6.98, a current ratio of 6.03 and a quick ratio of 2.90. Foran Mining has a 1-year low of C$2.02 and a 1-year high of C$4.32.

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.