Foran Mining (CVE:FOM) Given New C$5.50 Price Target at Ventum Financial

Foran Mining (CVE:FOM) had its price target hoisted by equities research analysts at Ventum Financial from C$5.25 to C$5.50 in a note issued to investors on Tuesday,BayStreet.CA reports. Ventum Financial’s price objective would suggest a potential upside of 70.28% from the company’s current price.

A number of other brokerages have also issued reports on FOM. National Bankshares lifted their target price on Foran Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Scotiabank boosted their price objective on Foran Mining from C$4.25 to C$4.50 in a research report on Tuesday, October 28th. Finally, Cormark lifted their price target on Foran Mining from C$3.75 to C$4.25 in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$4.79.

Foran Mining Trading Up 3.9%

Shares of FOM stock traded up C$0.12 on Tuesday, reaching C$3.23. 1,032,727 shares of the stock were exchanged, compared to its average volume of 494,615. 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 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 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.

About Foran Mining

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.