Foran Mining (CVE:FOM) Price Target Raised to C$8.50

Foran Mining (CVE:FOM) had its price objective upped by National Bankshares from C$5.25 to C$8.50 in a report issued on Thursday morning,BayStreet.CA reports.

FOM has been the topic of a number of other reports. Scotiabank increased their target price on shares of Foran Mining from C$4.50 to C$6.00 in a report on Thursday, January 8th. Ventum Financial increased their price objective on shares of Foran Mining from C$5.25 to C$5.50 in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.58.

Foran Mining Trading Up 3.9%

Shares of CVE FOM opened at C$3.23 on Thursday. 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 stock has a market capitalization of C$1.72 billion, a P/E ratio of -247.76 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 stock’s 50 day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23.

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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.