BMO Capital Markets Cuts Foran Mining (CVE:FOM) Price Target to C$5.00

Foran Mining (CVE:FOM) had its target price cut by equities research analysts at BMO Capital Markets from C$5.25 to C$5.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 54.80% from the stock’s previous close.

Several other analysts have also issued reports on the company. Ventum Financial upped their target price on Foran Mining from C$5.75 to C$6.00 in a report on Tuesday, June 4th. Eight Capital upped their target price on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th.

Foran Mining Stock Up 3.9 %

Shares of Foran Mining stock traded up C$0.12 during trading on Wednesday, reaching C$3.23. The stock had a trading volume of 1,032,727 shares, compared to its average volume of 494,615. The company has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The stock has a fifty day moving average price of C$3.23 and a two-hundred day moving average price of C$3.23. Foran Mining has a 52 week low of C$2.02 and a 52 week high of C$4.32. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01.

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.