Foraco International (TSE:FAR) Given a C$4.25 Price Target at Desjardins

Desjardins set a C$4.25 target price on Foraco International (TSE:FAR) in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Foraco International Stock Up 9.9 %

Shares of TSE:FAR opened at C$2.34 on Tuesday. The company has a 50-day moving average price of C$2.24 and a 200 day moving average price of C$2.38. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75. Foraco International has a 12 month low of C$1.75 and a 12 month high of C$3.27. The company has a market cap of C$230.70 million, a price-to-earnings ratio of 5.59 and a beta of 1.25.

Foraco International (TSE:FAR) last announced its earnings results on Wednesday, October 30th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.03. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The firm had revenue of C$105.94 million during the quarter. As a group, equities research analysts predict that Foraco International will post 0.5984655 earnings per share for the current year.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.