Foran Mining (CVE:FOM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Foran Mining (CVE:FOM) had its price target raised by research analysts at Stifel Nicolaus from C$5.00 to C$5.50 in a report issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 70.28% from the stock’s previous close.

Foran Mining Stock Performance

CVE FOM opened at C$3.23 on Wednesday. The business has a 50-day moving average price of C$3.23 and a 200-day moving average price of C$3.23. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. Foran Mining has a twelve month low of C$2.02 and a twelve month high of C$4.32. The company has a quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98.

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.