Foran Mining Corp. Forecasted to Earn FY2024 Earnings of ($0.06) Per Share (TSE:FOM)

Foran Mining Corp. (TSE:FOMFree Report) – Equities researchers at Ventum Cap Mkts issued their FY2024 earnings estimates for shares of Foran Mining in a research report issued on Wednesday, September 18th. Ventum Cap Mkts analyst C. Mackay expects that the company will earn ($0.06) per share for the year. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. Ventum Cap Mkts also issued estimates for Foran Mining’s FY2026 earnings at $0.08 EPS.

Separately, Cormark upgraded Foran Mining from a “hold” rating to a “moderate buy” rating in a report on Wednesday.

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Foran Mining Stock Performance

Shares of FOM opened at C$3.94 on Friday. Foran Mining has a 12 month low of C$3.39 and a 12 month high of C$4.67. The stock’s 50-day moving average is C$3.77. The firm has a market capitalization of C$1.47 billion, a PE ratio of -131.33 and a beta of 3.82.

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