FY2024 EPS Estimates for Foran Mining Cut by Stifel Canada

Foran Mining Corp. (TSE:FOM) – Stifel Canada cut their FY2024 earnings per share (EPS) estimates for Foran Mining in a report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings per share of ($0.02) for the year, down from their prior estimate of ($0.01). Stifel Canada also issued estimates for Foran Mining’s FY2026 earnings at $0.07 EPS and FY2027 earnings at $0.20 EPS.

A number of other research analysts have also recently commented on FOM. Cormark raised shares of Foran Mining from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, September 18th. Ventum Cap Mkts upgraded shares of Foran Mining to a “strong-buy” rating in a report on Wednesday, September 18th.

Foran Mining Price Performance

Foran Mining stock opened at C$3.85 on Wednesday. The firm has a 50 day simple moving average of C$4.29 and a 200-day simple moving average of C$4.02. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of -128.33 and a beta of 3.80. Foran Mining has a 1-year low of C$3.43 and a 1-year high of C$4.69.