Foran Mining (TSE:FOM) Hits New 12-Month High – Should You Buy?
by Michael Walen · The Markets DailyForan Mining Corp. (TSE:FOM – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$5.22 and last traded at C$5.17, with a volume of 414511 shares traded. The stock had previously closed at C$5.07.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on FOM shares. BMO Capital Markets upgraded Foran Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Foran Mining currently has an average rating of “Strong Buy”.
Get Our Latest Research Report on Foran Mining
Foran Mining Price Performance
The stock’s 50 day simple moving average is C$4.16 and its two-hundred day simple moving average is C$3.48. The stock has a market capitalization of C$2.86 billion, a PE ratio of -106.20 and a beta of 0.55.
Foran Mining (TSE:FOM – Get Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.02 EPS for the quarter.
About Foran Mining
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.