Foran Mining (CVE:FOM) Given New C$6.50 Price Target at Ventum Financial

Foran Mining (CVE:FOM) had its target price upped by Ventum Financial from C$6.00 to C$6.50 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other analysts have also recently issued reports on FOM. Stifel Nicolaus raised their price objective on Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets cut their price objective on Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th.

Foran Mining Stock Performance

FOM opened at C$3.23 on Thursday. Foran Mining has a 12-month low of C$2.02 and a 12-month high of C$4.32. The stock has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The business has a 50 day moving average of C$3.23 and a 200-day moving average of C$3.23. The company has a quick ratio of 2.90, a current ratio of 6.55 and a debt-to-equity ratio of 13.01.

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.