Ventum Financial Forecasts Strong Price Appreciation for Foran Mining (CVE:FOM) Stock

Foran Mining (CVE:FOM) had its price target raised by research analysts at Ventum Financial from C$6.00 to C$6.50 in a note issued to investors on Thursday,BayStreet.CA reports. Ventum Financial’s price objective would suggest a potential upside of 101.24% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upped their price objective on Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets lowered their price target on Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th.

Foran Mining Trading Up 3.9 %

CVE FOM opened at C$3.23 on Thursday. The stock has a 50-day simple moving average of C$3.23 and a 200 day simple moving average of C$3.23. The company has a market capitalization of C$828.20 million, a PE ratio of -64.60 and a beta of 3.68. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. Foran Mining has a 12 month low of C$2.02 and a 12 month 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.