Foran Mining (CVE:FOM) Price Target Raised to C$8.50 at National Bankshares

Foran Mining (CVE:FOM) had its price target hoisted by National Bankshares from C$5.25 to C$8.50 in a research report report published on Thursday morning,BayStreet.CA reports.

FOM has been the topic of several other reports. Scotiabank boosted their price target on Foran Mining from C$4.50 to C$6.00 in a research note on Thursday, January 8th. Ventum Financial raised their price target on Foran Mining from C$5.25 to C$5.50 in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.58.

Foran Mining Trading Up 3.9%

Shares of CVE:FOM opened at C$3.23 on Thursday. 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 company has a market cap of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. The stock’s 50-day moving average is C$3.23 and its 200-day moving average is C$3.23.

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.