Foran Mining (TSE:FOM) Sets New 12-Month High – Here’s Why

Foran Mining Corp. (TSE:FOM) reached a new 52-week high during trading on Thursday . The company traded as high as C$4.44 and last traded at C$4.43, with a volume of 918332 shares changing hands. The stock had previously closed at C$4.27.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FOM shares. BMO Capital Markets raised shares of 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 research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Foran Mining Price Performance

The firm has a market cap of C$2.46 billion, a PE ratio of -91.40 and a beta of 0.48. The company’s 50 day moving average price is C$3.88 and its 200 day moving average price is C$3.36.

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

Foran Mining Company Profile

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.