Stifel Nicolaus Downgrades Foran Mining (TSE:FOM) to Hold

Foran Mining (TSE:FOM) was downgraded by analysts at Stifel Nicolaus from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Foran Mining Stock Performance

Shares of FOM stock opened at C$7.02 on Wednesday. Foran Mining has a fifty-two week low of C$2.46 and a fifty-two week high of C$7.39. The company has a 50 day moving average price of C$5.49 and a 200 day moving average price of C$4.12. The stock has a market capitalization of C$3.79 billion, a P/E ratio of -140.40 and a beta of 0.63.

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.