Foraco International (TSE:FAR) PT Set at C$4.25 by Desjardins

Foraco International (TSE:FAR) has been given a C$4.25 target price by Desjardins in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 85.59% from the stock’s current price.

Foraco International Stock Up 7.5 %

FAR traded up C$0.16 during trading on Tuesday, reaching C$2.29. The company had a trading volume of 183,342 shares, compared to its average volume of 151,953. The business’s fifty day moving average price is C$2.24 and its 200 day moving average price is C$2.38. The company has a debt-to-equity ratio of 111.75, a current ratio of 1.40 and a quick ratio of 0.88. The company has a market cap of C$225.77 million, a P/E ratio of 5.59 and a beta of 1.25. Foraco International has a 12 month low of C$1.75 and a 12 month high of C$3.27.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.08 by C$0.03. The business had revenue of C$105.94 million during the quarter. Foraco International had a net margin of 8.87% and a return on equity of 33.87%. Equities analysts anticipate that Foraco International will post 0.5984655 EPS for the current year.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.