Foran Mining (CVE:FOM) Stock Price Expected to Rise, Ventum Financial Analyst Says

Foran Mining (CVE:FOM) had its price objective lifted by Ventum Financial from C$6.00 to C$6.50 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on FOM. Stifel Nicolaus increased their price target on Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets lowered their price objective on shares of Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th.

Foran Mining Stock Up 3.9 %

Shares of CVE FOM opened at C$3.23 on Thursday. Foran Mining has a 52-week low of C$2.02 and a 52-week high of C$4.32. The firm has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 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. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55.

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.