Scotiabank Cuts Foran Mining (CVE:FOM) Price Target to C$4.00

Foran Mining (CVE:FOM) had its target price cut by Scotiabank from C$4.25 to C$4.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus boosted their price objective on Foran Mining from C$5.00 to C$5.50 in a research report on Wednesday, April 30th.

Foran Mining Trading Up 3.9%

Shares of Foran Mining stock opened at C$3.23 on Thursday. The stock has a fifty day simple moving average of C$3.23 and a 200 day simple moving average of C$3.23. Foran Mining has a 12-month low of C$2.02 and a 12-month high of C$4.32. The company has a market capitalization of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. The company has a current ratio of 6.03, a quick ratio of 2.90 and a debt-to-equity ratio of 6.98.

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.