Foran Mining (CVE:FOM) Stock Rating Lowered by ATB Capital

Foran Mining (CVE:FOM) was downgraded by equities research analysts at ATB Capital from an “outperform” rating to a “tender” rating in a report issued on Tuesday,BayStreet.CA reports. They currently have a C$6.60 price target on the stock, up from their prior price target of C$5.00. ATB Capital’s price objective points to a potential upside of 104.33% from the company’s previous close.

FOM has been the subject of a number of other research reports. National Bankshares boosted their price objective on shares of Foran Mining from C$5.25 to C$8.50 in a research report on Thursday, January 29th. Ventum Financial lifted their target price on Foran Mining from C$5.25 to C$5.50 in a research report on Tuesday, December 16th. Finally, Scotiabank upped their price target on Foran Mining from C$4.50 to C$6.00 in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.73.

Foran Mining Price Performance

Shares of CVE:FOM opened at C$3.23 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98. The stock has a market capitalization of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The firm’s 50 day moving average price is C$3.23 and its 200-day moving average price is C$3.23. Foran Mining has a twelve month low of C$2.02 and a twelve month high of C$4.32.

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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.