Foran Mining (TSE:FOM) Trading Up 10.8% – Still a Buy?

by · The Markets Daily

Foran Mining Corp. (TSE:FOM – Get Free Report)’s share price was up 10.8% during trading on Wednesday . The company traded as high as C$4.41 and last traded at C$4.32. Approximately 1,597,037 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 953,589 shares. The stock had previously closed at C$3.90.

Analyst Ratings Changes

Several equities research analysts have weighed in on FOM shares. BMO Capital Markets raised Foran Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Ventum Cap Mkts raised shares of Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on Foran Mining

Foran Mining Stock Performance

The stock has a 50 day moving average of C$3.67 and a 200-day moving average of C$3.23. The company has a market cap of C$2.32 billion, a PE ratio of -86.00 and a beta of 0.76.

Foran Mining (TSE:FOM – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.02 earnings per share for the quarter.

Foran Mining Company Profile

(Get Free Report)

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.

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