Foran Mining (TSE:FOM) Rating Lowered to “Hold” at Scotiabank

Foran Mining (TSE:FOM) was downgraded by equities researchers at Scotiabank from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Stifel Nicolaus cut Foran Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Foran Mining currently has an average rating of “Buy”.

Foran Mining Price Performance

Shares of Foran Mining stock opened at C$5.75 on Tuesday. The firm has a fifty day moving average price of C$6.41 and a two-hundred day moving average price of C$4.88. Foran Mining has a fifty-two week low of C$2.46 and a fifty-two week high of C$7.39. The company has a market cap of C$3.24 billion, a PE ratio of -106.80 and a beta of 0.59.

Foran Mining (TSE:FOM) last released its earnings results on Thursday, March 19th. The company reported C$0.01 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.