Ventum Financial Boosts Foran Mining (CVE:FOM) Price Target to C$6.50

Foran Mining (CVE:FOM) had its target price boosted by investment analysts at Ventum Financial from C$6.00 to C$6.50 in a report released on Thursday,BayStreet.CA reports. Ventum Financial’s price target points to a potential upside of 101.24% from the stock’s previous close.

Several other equities analysts also recently issued reports on FOM. 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. Stifel Nicolaus lifted their price objective on shares of Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th.

Foran Mining Stock Performance

FOM traded up C$0.12 during trading on Thursday, reaching C$3.23. 1,032,727 shares of the company were exchanged, compared to its average volume of 494,615. Foran Mining has a 52 week low of C$2.02 and a 52 week high of C$4.32. The stock has a market cap of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. The firm has a 50 day moving average of C$3.23 and a 200 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.