Foran Mining (TSE:FOM) Sets New 52-Week High – Time to Buy?

Shares of Foran Mining Corp. (TSE:FOM) hit a new 52-week high on Tuesday . The company traded as high as C$4.93 and last traded at C$4.89, with a volume of 1241086 shares. The stock had previously closed at C$4.91.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FOM. Ventum Cap Mkts upgraded shares of Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. 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. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Foran Mining Price Performance

The company has a market capitalization of C$2.64 billion, a PE ratio of -97.80 and a beta of 0.48. The stock has a 50-day simple moving average of C$4.02 and a 200 day simple moving average of C$3.43.

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