Foran Mining (CVE:FOM) PT Raised to C$5.00 at Stifel Nicolaus

Foran Mining (CVE:FOM) had its target price raised by stock analysts at Stifel Nicolaus from C$4.75 to C$5.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 54.80% from the stock’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets reduced their price target on Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Ventum Financial raised their target price on Foran Mining from C$5.75 to C$6.00 in a report on Tuesday, June 4th. Finally, Eight Capital boosted their target price on shares of Foran Mining from C$6.00 to C$6.25 in a research report on Thursday, July 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$5.51.

Foran Mining Stock Up 3.9 %

Foran Mining stock opened at C$3.23 on Tuesday. The stock has a 50 day moving average of C$3.23 and a two-hundred day moving average of C$3.23. Foran Mining has a twelve month low of C$2.02 and a twelve month high of C$4.32. The stock has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01.

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.