Foran Mining (TSE:FOM) Reaches New 52-Week High – Should You Buy?

Foran Mining Corp. (TSE:FOM) shares reached a new 52-week high on Wednesday . The company traded as high as C$4.91 and last traded at C$4.86, with a volume of 1000011 shares traded. The stock had previously closed at C$4.71.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FOM shares. Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets raised Foran Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Foran Mining Trading Up 1.0%

The business has a 50 day moving average of C$3.97 and a 200-day moving average of C$3.41. The stock has a market cap of C$2.65 billion, a PE ratio of -98.20 and a beta of 0.48.

Foran Mining (TSE:FOM) last announced its earnings results on Friday, November 7th. The company reported C$0.02 earnings per share for the quarter.

About Foran Mining

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.