Foran Mining (CVE:FOM) PT Lowered to C$5.00

Foran Mining (CVE:FOM) had its price objective reduced by BMO Capital Markets from C$5.25 to C$5.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 54.80% from the company’s previous close.

Several other equities analysts have also commented on FOM. Eight Capital upped their target price on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th. Ventum Financial upped their price objective on Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th.

Foran Mining Price Performance

Shares of CVE FOM opened at C$3.23 on Wednesday. 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 company has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. Foran Mining has a twelve month low of C$2.02 and a twelve month high of C$4.32. The business has a 50 day simple moving average of C$3.23 and a 200-day simple moving average of C$3.23.

Foran Mining Company Profile

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.