Foran Mining (CVE:FOM) Price Target Raised to C$4.50 at Scotiabank

Foran Mining (CVE:FOM) had its price target boosted by Scotiabank from C$4.25 to C$4.50 in a research note published on Tuesday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. National Bankshares boosted their price objective on shares of Foran Mining from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Cormark boosted their price target on shares of Foran Mining from C$3.75 to C$4.25 in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$4.83.

Foran Mining Trading Up 3.9%

CVE FOM opened at C$3.23 on Tuesday. Foran Mining has a 52 week low of C$2.02 and a 52 week high of C$4.32. The company has a debt-to-equity ratio of 6.98, a quick ratio of 2.90 and a current ratio of 6.03. The stock’s 50 day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23. The stock has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68.

About Foran Mining

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.