Foran Mining (TSE:FOM) Upgraded at BMO Capital Markets

Key Points

• Foran Mining was upgraded by BMO Capital Markets from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's prospects.
• The company's shares opened at C$3.64, with a market capitalization of C$1.96 billion, and have seen a 1-year price range of C$2.46 to C$4.69.
• Director Marie Inkster significantly increased her stake in Foran Mining by purchasing 24,150 shares at C$2.67 each, representing a 179.55% increase in her ownership.

Foran Mining (TSE:FOM - Get Free Report) was upgraded by BMO Capital Markets from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Foran Mining Trading Down 0.3%

Shares of TSE:FOM opened at C$3.64 on Thursday. Foran Mining has a 1-year low of C$2.46 and a 1-year high of C$4.69. The firm has a market capitalization of C$1.96 billion, a PE ratio of -121.33 and a beta of 0.50. The business's 50 day moving average is C$2.93 and its 200-day moving average is C$3.18.

Insider Activity at Foran Mining

In related news, Director Marie Inkster bought 24,150 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of C$2.67 per share, for a total transaction of C$64,504.65. Following the transaction, the director directly owned 37,600 shares of the company's stock, valued at C$100,429.60. This represents a 179.55% increase in their ownership of the stock. 19.96% of the stock is owned by company insiders.

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.

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