Foran Mining (CVE:FOM) Price Target Raised to C$4.50

Foran Mining (CVE:FOM) had its price objective boosted by Scotiabank from C$4.25 to C$4.50 in a research report released on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. National Bankshares raised their price target on Foran Mining from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Cormark upped their price target on shares of Foran Mining from C$3.75 to C$4.25 in a research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$4.83.

Foran Mining Price Performance

Shares of Foran Mining stock opened at C$3.23 on Tuesday. The company has a debt-to-equity ratio of 6.98, a quick ratio of 2.90 and a current ratio of 6.03. Foran Mining has a one year low of C$2.02 and a one year high of C$4.32. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. The stock has a 50 day moving average price of C$3.23 and a 200-day moving average price of 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.