Cormark Comments on Foran Mining’s FY2024 Earnings (TSE:FOM)

Foran Mining Corp. (TSE:FOM) – Investment analysts at Cormark lowered their FY2024 EPS estimates for shares of Foran Mining in a research note issued on Monday, February 3rd. Cormark analyst S. Ioannou now forecasts that the company will earn ($0.06) per share for the year, down from their prior forecast of ($0.05). Cormark also issued estimates for Foran Mining’s FY2025 earnings at ($0.13) EPS and FY2028 earnings at $0.28 EPS.

Foran Mining Stock Performance

TSE:FOM opened at C$3.84 on Thursday. The company has a 50-day moving average of C$3.99 and a 200-day moving average of C$4.02. The company has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -128.00 and a beta of 3.80. Foran Mining has a 52 week low of C$3.43 and a 52 week high of C$4.69.

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.