Foran Mining (CVE:FOM) PT Lowered to C$5.00

Foran Mining (CVE:FOM) had its price target lowered by investment analysts at BMO Capital Markets from C$5.25 to C$5.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 54.80% from the company’s current price.

FOM has been the topic of several other reports. Ventum Financial lifted their price target on Foran Mining from C$5.75 to C$6.00 in a research report on Tuesday, June 4th. Eight Capital boosted their price target on shares of Foran Mining from C$6.00 to C$6.25 in a research report on Thursday, July 11th.

Foran Mining Price Performance

CVE FOM opened at C$3.23 on Wednesday. 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 PE ratio of -64.60 and a beta of 3.68. The company’s 50 day simple moving average is C$3.23 and its 200 day simple moving average is C$3.23. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90.

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.