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

Foran Mining (CVE:FOM) had its price objective upped by equities researchers at National Bankshares from C$5.25 to C$8.50 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 163.16% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Scotiabank upped their target price on shares of Foran Mining from C$4.50 to C$6.00 in a research note on Thursday, January 8th. Ventum Financial boosted their target price on shares of Foran Mining from C$5.25 to C$5.50 in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.58.

Foran Mining Stock Performance

Shares of FOM traded up C$0.12 during trading hours on Thursday, reaching C$3.23. 1,032,727 shares of the company traded hands, compared to its average volume of 494,615. The stock’s fifty day moving average is C$3.23 and its 200 day moving average is C$3.23. The company has a debt-to-equity ratio of 6.98, a quick ratio of 2.90 and a current ratio of 6.03. The stock has a market cap of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. Foran Mining has a 1-year low of C$2.02 and a 1-year 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.