Equities Analysts Offer Predictions for Foran Mining Corp.'s FY2024 Earnings (TSE:FOM)

Foran Mining Corp. (TSE:FOM - Free Report) - National Bank Financial reduced their FY2024 earnings estimates for shares of Foran Mining in a research report issued to clients and investors on Tuesday, September 17th. National Bank Financial analyst R. Nizami now forecasts that the company will earn ($0.03) per share for the year, down from their prior estimate of ($0.02). National Bank Financial also issued estimates for Foran Mining's FY2025 earnings at ($0.05) EPS, FY2026 earnings at $0.14 EPS and FY2027 earnings at $0.35 EPS.

A number of other research firms have also recently issued reports on FOM. Cormark upgraded Foran Mining from a "hold" rating to a "moderate buy" rating in a report on Wednesday. Ventum Cap Mkts raised shares of Foran Mining to a "strong-buy" rating in a research note on Wednesday.

Foran Mining Price Performance

Shares of Foran Mining stock traded up C$0.07 on Friday, hitting C$4.01. 693,967 shares of the company's stock traded hands, compared to its average volume of 412,689. The firm's fifty day moving average price is C$3.77. Foran Mining has a one year low of C$3.39 and a one year high of C$4.67. The company has a market cap of C$1.50 billion, a P/E ratio of -131.33 and a beta of 3.82.