Cormark Has Negative Outlook of Foran Mining FY2024 Earnings

Foran Mining Corp. (TSE:FOM - Free Report) - Equities research analysts at Cormark decreased their FY2024 earnings per share (EPS) estimates for Foran Mining in a research report issued to clients and investors on Monday, February 3rd. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of ($0.06) for the year, down from their previous 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 Trading Up 0.8 %

TSE FOM traded up C$0.03 during mid-day trading on Thursday, reaching C$3.93. 385,813 shares of the company's stock traded hands, compared to its average volume of 278,165. Foran Mining has a 1-year low of C$3.43 and a 1-year high of C$4.69. The company has a fifty day simple moving average of C$3.99 and a 200-day simple moving average of C$4.02. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of -131.00 and a beta of 3.80.

About Foran Mining

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.