Foran Mining (CVE:FOM) Price Target Increased to C$3.65 by Analysts at Eight Capital

Foran Mining (CVE:FOMGet Rating) had its target price upped by research analysts at Eight Capital from C$3.50 to C$3.65 in a note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target points to a potential upside of 43.14% from the stock’s current price.

Separately, Pi Financial increased their price target on shares of Foran Mining from C$3.00 to C$3.50 and gave the stock a “buy” rating in a research note on Thursday, March 17th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Foran Mining currently has a consensus rating of “Buy” and an average price target of C$3.35.

Shares of CVE FOM traded down C$0.13 during trading on Thursday, hitting C$2.55. The company had a trading volume of 111,940 shares, compared to its average volume of 272,836. The firm has a market capitalization of C$608.88 million and a price-to-earnings ratio of -84.83. Foran Mining has a fifty-two week low of C$1.20 and a fifty-two week high of C$3.09. The stock has a fifty day simple moving average of C$2.50 and a two-hundred day simple moving average of C$2.50. The company has a quick ratio of 10.39, a current ratio of 10.41 and a debt-to-equity ratio of 0.64.

Foran Mining Company Profile (Get Rating)

Foran Mining Corporation engages in the acquisition, exploration, and advancement of mineral properties in Saskatchewan, Canada. The company primarily explores for copper, zinc, lead, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers an area of 20,907 hectares located in east central Saskatchewan.

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