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 report released on Tuesday,BayStreet.CA reports. Ventum Financial’s price objective suggests a potential upside of 70.28% from the stock’s current price.

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

Foran Mining Trading Up 3.9%

Shares of Foran Mining stock traded up C$0.12 during trading hours on Tuesday, hitting C$3.23. The company’s stock had a trading volume of 1,032,727 shares, compared to its average volume of 494,615. The company has a quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98. The company has a market capitalization of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The business has a fifty day moving average of C$3.23 and a 200 day moving average of C$3.23. Foran Mining has a 1-year low of C$2.02 and a 1-year high of C$4.32.

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.