Foran Mining (CVE:FOM) Stock Price Passes Above 50-Day Moving Average of $3.23

Foran Mining Co. (CVE:FOM) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.23 and traded as high as C$3.25. Foran Mining shares last traded at C$3.23, with a volume of 1,032,725 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on FOM shares. Ventum Financial lifted their target price on Foran Mining from C$5.75 to C$6.00 in a research report on Tuesday, June 4th. BMO Capital Markets reduced 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 boosted 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. Finally, Eight Capital boosted their price objective on Foran Mining from C$6.00 to C$6.25 in a research report on Thursday, July 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Foran Mining has a consensus rating of “Buy” and a consensus price target of C$5.51.

Foran Mining Stock Up 3.9 %

The firm has a 50 day simple moving average of C$3.23 and a two-hundred day simple moving average of C$3.23. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55. The stock has a market cap of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68.

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.