National Bank Financial Weighs in on Foran Mining Corp.’s FY2024 Earnings (TSE:FOM)

Foran Mining Corp. (TSE:FOM) – Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for Foran Mining in a research note issued 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 previous forecast 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 equities research analysts 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 upgraded Foran Mining to a “strong-buy” rating in a research note on Wednesday.

Foran Mining Stock Up 1.8 %

Shares of FOM stock opened at C$4.01 on Friday. The company has a market cap of C$1.50 billion, a P/E ratio of -133.67 and a beta of 3.82. Foran Mining has a 52 week low of C$3.39 and a 52 week high of C$4.67. The business’s 50-day moving average is C$3.77.