Foran Mining (CVE:FOM) Stock Price Expected to Rise, National Bankshares Analyst Says

Foran Mining (CVE:FOM) had its target price boosted by National Bankshares from C$5.25 to C$8.50 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 163.16% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Ventum Financial increased their target price on Foran Mining from C$5.25 to C$5.50 in a research report on Tuesday, December 16th. Scotiabank increased their price objective on shares of Foran Mining from C$4.50 to C$6.00 in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.58.

Foran Mining Price Performance

CVE FOM opened at C$3.23 on Thursday. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. Foran Mining has a 12 month low of C$2.02 and a 12 month high of C$4.32. The company’s 50 day moving average is C$3.23 and its two-hundred day moving average is C$3.23. The company has a current ratio of 6.03, a quick ratio of 2.90 and a debt-to-equity ratio of 6.98.

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.