Analysts rate Foran Mining Corporation with a consensus Strong Buy rating with a 12-month target price of CAD 3.16 per share

PI Financial maintains the Buy rating on Foran Mining Corporation and raises the target to $3.50 from $1.90 on the company’s stock price.

STA Research rates Foran Mining with a Buy rating, with a $3.15 target on the stock.

Based on the Foran Mining Corporation stock forecasts from 4 analysts, the average analyst target price for Foran Mining Corporation is CAD 3.16 over the next 12 months. Foran Mining Corporation’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Foran Mining Corporation is Slightly Bullish, which is based on 5 positive signals and 4 negative signals. At the last closing, Foran Mining Corporation’s stock price was CAD 2.35. Foran Mining Corporation’s stock price has changed by -0.24% over the past week, -0.06% over the past month and +123.81% over the last year.

Foran Mining Corporation engages in the acquisition, exploration, and advancement of mineral properties in Saskatchewan, Canada. The company primarily explores copper, zinc, lead, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that cover an area of 20,907 hectares located in east-central Saskatchewan. Foran Mining Corporation was incorporated in 1989 and is headquartered in Vancouver, Canada. Address: 409 Granville Street, Vancouver, BC, Canada, V6C 1T2

 

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk-adjusted returns

This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

 

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers’ median on a price to book value basis.

Negative cash flow

The company had negative total cash flow in the most recent four quarters.