Eight Capital Increases Foran Mining (CVE:FOM) Price Target to C$6.25

Foran Mining (CVE:FOM) had its price objective increased by analysts at Eight Capital from C$6.00 to C$6.25 in a research report issued on Thursday, BayStreet.CA reports. Eight Capital’s target price indicates a potential upside of 93.50% from the stock’s current price.

Separately, Ventum Financial boosted their price target on Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th.

Foran Mining Stock Up 3.9 %

Shares of FOM traded up C$0.12 during trading hours on Thursday, reaching C$3.23. The company’s stock had a trading volume of 1,032,725 shares, compared to its average volume of 494,615. The firm has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. Foran Mining has a 1-year low of C$2.02 and a 1-year high of C$4.32. The company has a quick ratio of 2.90, a current ratio of 6.55 and a debt-to-equity ratio of 13.01. The company has a 50 day moving average of C$3.23 and a two-hundred day moving average of 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.