What is Cormark's Estimate 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) - Equities research analysts at Cormark increased their FY2025 earnings estimates for Foran Mining in a note issued to 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 previous forecast of ($0.27).

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

Foran Mining Price Performance

Shares of TSE FOM traded down C$0.10 during mid-day trading on Friday, hitting C$2.47. 770,798 shares of the company's stock traded hands, compared to its average volume of 586,337. Foran Mining has a 1 year low of C$2.46 and a 1 year high of C$4.69. The company's 50-day moving average is C$2.98 and its two-hundred day moving average is C$3.44. The company has a market capitalization of C$1.02 billion, a P/E ratio of -147.11 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.