What is Cormark’s Forecast for Foran Mining FY2025 Earnings?

Foran Mining Corp. (TSE:FOM) – Equities research analysts at Cormark cut their FY2025 earnings per share estimates for Foran Mining in a research note issued on Thursday, October 23rd. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of ($0.27) for the year, down from their previous forecast of ($0.26).

Several other research firms have also weighed in on FOM. BMO Capital Markets upgraded Foran Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Foran Mining Price Performance

TSE FOM opened at C$3.36 on Monday. Foran Mining has a fifty-two week low of C$2.46 and a fifty-two week high of C$4.69. The stock’s 50-day moving average is C$3.35 and its two-hundred day moving average is C$3.17. The firm has a market cap of C$1.81 billion, a P/E ratio of -112.00 and a beta of 0.64.

Insider Activity at Foran Mining

In other Foran Mining news, Director Marie Inkster acquired 24,150 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of C$2.67 per share, for a total transaction of C$64,504.65. Following the completion of the purchase, the director owned 37,600 shares of the company’s stock, valued at approximately C$100,429.60. This trade represents a 179.55% increase in their position. Insiders own 19.96% of the company’s stock.

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.