Foran Mining (CVE:FOM) Price Target Raised to C$3.50 at Scotiabank

Foran Mining (CVE:FOM – Get Rating) had its target price boosted by Scotiabank from C$3.00 to C$3.50 in a report released on Monday, BayStreet.CA reports.

FOM has been the subject of several other research reports. Cormark raised their price target on shares of Foran Mining from C$2.75 to C$3.15 in a research report on Thursday, December 1st. BMO Capital Markets raised their price target on shares of Foran Mining from C$3.00 to C$3.50 in a research report on Thursday, December 1st. Finally, National Bankshares decreased their price target on shares of Foran Mining from C$3.75 to C$3.30 in a research report on Monday, January 9th.

Foran Mining Stock Performance

Shares of FOM stock opened at C$3.17 on Monday. The company has a quick ratio of 2.90, a current ratio of 2.93 and a debt-to-equity ratio of 0.49. Foran Mining has a 52 week low of C$1.93 and a 52 week high of C$3.25. The stock has a market capitalization of C$724.08 million and a PE ratio of -105.67. The firm has a 50 day moving average of C$2.94 and a two-hundred day moving average of C$2.56.

About Foran Mining

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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.