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

Foran Mining (CVE:FOM) had its price target hoisted by Ventum Financial from C$6.00 to C$6.50 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus increased their price objective on shares of Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets decreased 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 Trading Up 3.9 %

CVE:FOM opened at C$3.23 on Thursday. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55. The firm has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. Foran Mining has a 52 week low of C$2.02 and a 52 week high of C$4.32. The firm has a 50-day moving average price of C$3.23 and a two-hundred day moving average price of C$3.23.

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.