Foran Mining (CVE:FOM) Given New C$6.50 Price Target at Ventum Financial

Foran Mining (CVE:FOM) had its price target hoisted by equities research analysts at Ventum Financial from C$6.00 to C$6.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Ventum Financial’s price target would indicate a potential upside of 101.24% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets lowered 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 report on Wednesday, September 18th.

Foran Mining Trading Up 3.9 %

CVE FOM traded up C$0.12 during trading hours on Thursday, hitting C$3.23. 1,032,727 shares of the company’s stock were exchanged, compared to its average volume of 494,615. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55. Foran Mining has a 12-month low of C$2.02 and a 12-month high of C$4.32. The firm has a market capitalization of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68. The business’s 50 day moving average is C$3.23 and its 200-day moving average 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.