Foran Mining (TSE:FOM) Posts Earnings Results

Foran Mining (TSE:FOM) issued its quarterly earnings data on Thursday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports.

Foran Mining Trading Down 6.5%

FOM stock traded down C$0.35 during midday trading on Thursday, hitting C$5.05. The company had a trading volume of 2,105,352 shares, compared to its average volume of 2,674,307. Foran Mining has a 52 week low of C$2.46 and a 52 week high of C$7.39. The stock has a market cap of C$2.72 billion, a price-to-earnings ratio of -101.00 and a beta of 0.59. The stock’s 50 day moving average price is C$6.45 and its 200 day moving average price is C$4.80.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut Foran Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Foran Mining presently has an average rating of “Buy”.

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.