Ventum Financial Increases Foran Mining (CVE:FOM) Price Target to C$5.50

Foran Mining (CVE:FOM) had its price target raised by equities researchers at Ventum Financial from C$5.25 to C$5.50 in a report issued on Tuesday,BayStreet.CA reports. Ventum Financial’s price target indicates a potential upside of 70.28% from the company’s current price.

A number of other research analysts also recently issued reports on FOM. National Bankshares boosted their price target on Foran Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a report on Thursday, December 11th. Scotiabank upped their target price on Foran Mining from C$4.25 to C$4.50 in a report on Tuesday, October 28th. Finally, Cormark raised their price target on Foran Mining from C$3.75 to C$4.25 in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$4.79.

Foran Mining Price Performance

FOM stock opened at C$3.23 on Tuesday. The firm’s 50-day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23. 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 capitalization of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. The company has a current ratio of 6.03, a quick ratio of 2.90 and a debt-to-equity ratio of 6.98.

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.