Foran Mining falls after BMO downgrades to 'market perform'
ReutersMay 15, 2025 3:09 PM
Shares of Canada-based Foran Mining FOM.TO dip ~4.3% to C$3.11
BMO downgrades FOM to "market perform" from "outperform" rating, cuts PT to C$3.75 from C$5
On Tuesday, FOM provided a capital cost update for phase 1 production at its McIlvenna Bay project
Brokerage says higher re-estimation of the capital cost of phase 1 production is a disappointing development
Including session's moves, stock down ~20.9% YTD
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