Foran Mining (TSE:FOM) Reaches New 52-Week High – Here’s What Happened

Foran Mining Corp. (TSE:FOM)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$7.39 and last traded at C$7.31, with a volume of 1783849 shares. The stock had previously closed at C$6.91.

Analyst Upgrades and Downgrades

FOM has been the topic of several analyst reports. Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus downgraded shares of Foran Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Foran Mining Price Performance

The business has a 50 day simple moving average of C$5.54 and a 200-day simple moving average of C$4.14. The stock has a market capitalization of C$3.89 billion, a price-to-earnings ratio of -144.40 and a beta of 0.63.

Foran Mining (TSE:FOM) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.02 earnings per share 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.