Scotiabank downgraded Foran Mining (FMCXF) to Sector Perform from Outperform with a price target of C$6.60, up from C$6. The firm views the McIlvenna Bay Project announcement as a “mild positive.” It cites the implied transaction price and valuation for the downgrade.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FMCXF:
- Foran Mining Extends Thunder Zone Mineralization in McIlvenna Bay District Push
- Foran Mining Energizes McIlvenna Bay Hydro Power Line Ahead of Schedule
- Foran Mining (FOM) Q4 Earnings Cheat Sheet
- Foran Urges Support for Eldorado Combination as Growth and Cash Flow Play
- Foran Mining Extends Tesla Zone Mineralization and Targets 2026 Resource Estimate