Foran Mining (TSE:FOM) Rating Increased to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Foran Mining (TSE:FOM) to a strong-buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. Ventum Cap Mkts also issued estimates for Foran Mining’s FY2024 earnings at ($0.06) EPS and FY2026 earnings at $0.08 EPS.

Separately, Cormark upgraded Foran Mining from a hold rating to a moderate buy rating in a research report on Wednesday.

Foran Mining Stock Up 1.8 %

TSE:FOM opened at C$4.01 on Wednesday. Foran Mining has a 52-week low of C$3.39 and a 52-week high of C$4.67. The company’s fifty day simple moving average is C$3.77. The company has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -133.67 and a beta of 3.82.