Foran Mining (CVE:FOM) Given New C$6.00 Price Target at Scotiabank

Foran Mining (CVE:FOM) had its price target raised by Scotiabank from C$4.50 to C$6.00 in a research note released on Thursday,BayStreet.CA reports.

FOM has been the subject of a number of other reports. Ventum Financial increased their price target on Foran Mining from C$5.25 to C$5.50 in a report on Tuesday, December 16th. Cormark boosted their target price on shares of Foran Mining from C$3.75 to C$4.25 in a research report on Tuesday, September 30th. Finally, National Bankshares increased their price target on Foran Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.04.

Foran Mining Price Performance

FOM stock opened at C$3.23 on Thursday. The company has a market capitalization of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. Foran Mining has a 52-week low of C$2.02 and a 52-week high of C$4.32. The company has a fifty day moving average price of C$3.23 and a 200-day moving average price of C$3.23. The company has a debt-to-equity ratio of 6.98, a quick ratio of 2.90 and a current ratio of 6.03.

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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.