In a report released today, Cole McGill from Stifel Nicolaus maintained a Buy rating on Foran Mining (FOM – Research Report), with a price target of C$5.00. The company’s shares closed yesterday at C$4.06.
McGill covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Capstone Copper, and Arizona Metals. According to TipRanks, McGill has an average return of -19.3% and a 28.09% success rate on recommended stocks.
Foran Mining has an analyst consensus of Strong Buy, with a price target consensus of C$5.06, a 24.63% upside from current levels. In a report released on September 20, National Bank also maintained a Buy rating on the stock with a C$5.75 price target.
The company has a one-year high of C$4.67 and a one-year low of C$3.39. Currently, Foran Mining has an average volume of 404.9K.
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Foran Mining (FOM) Company Description:
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.
