Scotiabank Maintains Outperform on Foran Mining, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Eric Winmill has maintained an Outperform rating on Foran Mining (OTC:FMCXF) but lowered the price target from C$4.25 to C$4.
June 28, 2023 | 6:44 pm
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Scotiabank has maintained an Outperform rating on Foran Mining but lowered the price target from C$4.25 to C$4.
The news is directly related to Foran Mining (FMCXF). While the Outperform rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100