Foran Mining (TSE:FOM) Reaches New 1-Year High – Here’s What Happened

Foran Mining Corp. (TSE:FOM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.44 and last traded at C$4.43, with a volume of 918332 shares. The stock had previously closed at C$4.27.

Wall Street Analyst Weigh In

FOM has been the topic of a number of recent research reports. Ventum Cap Mkts upgraded shares of Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. BMO Capital Markets upgraded shares of Foran Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Foran Mining Stock Performance

The stock’s 50 day simple moving average is C$3.84 and its two-hundred day simple moving average is C$3.34. The firm has a market capitalization of C$2.39 billion, a PE ratio of -88.80 and a beta of 0.48.

Foran Mining (TSE:FOM) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.02 EPS for the quarter.

About Foran Mining

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.