Foran Mining FY2024 EPS Forecast Lowered by Stifel Canada

Foran Mining Corp. (TSE:FOM) – Analysts at Stifel Canada cut their FY2024 earnings per share estimates for shares of Foran Mining in a note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of ($0.02) per share for the year, down from their previous 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 analysts have also issued reports on the company. Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a research note on Wednesday, September 18th. Cormark raised shares of Foran Mining from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, September 18th.

Foran Mining Stock Up 2.3 %

Shares of TSE:FOM opened at C$3.94 on Wednesday. The company has a market cap of C$1.54 billion, a P/E ratio of -131.33 and a beta of 3.80. The business has a fifty day simple moving average of C$4.28 and a 200-day simple moving average of C$4.02. Foran Mining has a 52 week low of C$3.43 and a 52 week high of C$4.69.