What is Cormark's Forecast for Foran Mining FY2025 Earnings?

Key Points

• Cormark raised its FY2025 earnings estimate for Foran Mining to ($0.26) per share, an increase from the previous estimate of ($0.27).
• BMO Capital Markets downgraded Foran Mining's shares from a "strong-buy" rating to a "hold" rating.
• Foran Mining's stock opened at C$2.57, with a market capitalization of C$1.06 billion and a one-year price range between C$2.48 and C$4.69.

Foran Mining Corp. (TSE:FOM - Free Report) - Investment analysts at Cormark lifted their FY2025 EPS estimates for Foran Mining in a research report issued to clients and investors on Wednesday, July 30th. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of ($0.26) for the year, up from their prior forecast of ($0.27).

Separately, BMO Capital Markets cut shares of Foran Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Foran Mining Price Performance

TSE FOM traded up C$0.14 on Friday, reaching C$2.61. 314,796 shares of the company's stock traded hands, compared to its average volume of 584,471. Foran Mining has a 12 month low of C$2.46 and a 12 month high of C$4.69. The stock has a 50-day simple moving average of C$2.97 and a 200 day simple moving average of C$3.42. The stock has a market cap of C$1.08 billion, a PE ratio of -155.45 and a beta of 3.80.

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.