Foran Mining (TSE:FOM) Hits New 12-Month High – Should You Buy?

Foran Mining Corp. (TSE:FOM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.22 and last traded at C$5.17, with a volume of 414511 shares trading hands. The stock had previously closed at C$5.07.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Foran Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Foran Mining Price Performance

The company has a market cap of C$2.86 billion, a PE ratio of -106.20 and a beta of 0.55. The business has a 50-day moving average of C$4.16 and a 200 day moving average of C$3.48.

Foran Mining (TSE:FOM) last posted its earnings results on Friday, November 7th. The company reported C$0.02 earnings per share 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.