Foran Mining (TSE:FOM) Cut to “Hold” at Stifel Nicolaus

Stifel Nicolaus cut shares of Foran Mining (TSE:FOM) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Separately, Ventum Cap Mkts raised shares of Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Foran Mining Stock Up 5.4%

Shares of Foran Mining stock opened at C$7.28 on Wednesday. The business has a fifty day simple moving average of C$5.60 and a 200-day simple moving average of C$4.17. Foran Mining has a fifty-two week low of C$2.46 and a fifty-two week high of C$7.39. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of -145.60 and a beta of 0.63.

Foran Mining (TSE:FOM) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.02 EPS for the quarter.

About Foran Mining

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.