Fundamental Research Analysts Give Foran Mining (FOM) a C$1.18 Price Target
Foran Mining (CVE:FOM) has been assigned a C$1.18 price target by Fundamental Research in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price target suggests a potential upside of 184.34% from the stock’s current price.
Foran Mining (CVE FOM) traded up C$0.04 during trading on Thursday, reaching C$0.42. 5,000 shares of the company traded hands, compared to its average volume of 64,856. Foran Mining has a 12-month low of C$0.24 and a 12-month high of C$0.47. The stock has a market cap of $37.61, a P/E ratio of -41.50 and a beta of 2.54.
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About Foran Mining
Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Saskatchewan and Manitoba, Canada. It primarily explores for copper, zinc, lead, gold, and silver deposits. The companys flagship project is the McIlvenna Bay property that comprises 30 claims covering an area of 20,382 hectares located in east central Saskatchewan.
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