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

Scotiabank cut shares of Foran Mining (TSE:FOM) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Stifel Nicolaus cut shares of Foran Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Foran Mining presently has a consensus rating of “Buy”.

Foran Mining Price Performance

Shares of TSE:FOM opened at C$5.20 on Tuesday. Foran Mining has a 1 year low of C$2.46 and a 1 year high of C$7.39. The firm has a market capitalization of C$2.93 billion, a PE ratio of -106.80 and a beta of 0.59. The business’s 50 day moving average price is C$6.39 and its 200-day moving average price is C$4.88.

Foran Mining (TSE:FOM) last posted its quarterly earnings data on Thursday, March 19th. The company reported C$0.01 EPS for the quarter.

Foran Mining Company Profile

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.