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

Foran Mining Corp. (TSE:FOM) – Investment analysts at Cormark cut their FY2025 EPS estimates for Foran Mining in a report issued on Thursday, October 23rd. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of ($0.27) for the year, down from their prior estimate of ($0.26).

FOM has been the topic of a number of other reports. Ventum Cap Mkts raised shares of Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. BMO Capital Markets raised shares of Foran Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Foran Mining Stock Performance

Shares of TSE:FOM opened at C$3.37 on Monday. The firm has a market cap of C$1.82 billion, a PE ratio of -112.33 and a beta of 0.64. The firm’s 50 day simple moving average is C$3.38 and its 200-day simple moving average is C$3.17. Foran Mining has a one year low of C$2.46 and a one year high of C$4.64.

Insider Transactions at Foran Mining

In other Foran Mining news, Director Marie Inkster acquired 24,150 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average cost of C$2.67 per share, with a total value of C$64,504.65. Following the completion of the acquisition, the director directly owned 37,600 shares in the company, valued at C$100,429.60. This represents a 179.55% increase in their position. 19.96% of the stock is currently owned by insiders.

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.