Foran Mining (TSE:FOM) Rating Lowered to Hold at Stifel Nicolaus

Foran Mining (TSE:FOM) was downgraded by research analysts at Stifel Nicolaus from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Foran Mining Stock Down 1.6%

Shares of Foran Mining stock opened at C$6.91 on Wednesday. The business has a 50-day moving average price of C$5.54 and a 200 day moving average price of C$4.14. Foran Mining has a twelve month low of C$2.46 and a twelve month high of C$7.39. The firm has a market cap of C$3.73 billion, a PE ratio of -138.20 and a beta of 0.63.

Foran Mining (TSE:FOM) last released its quarterly 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.