Update shared on06 Aug 2025
Fair value Decreased 11%A higher future P/E ratio suggests expectations of slower earnings growth relative to price, and despite a modest improvement in net profit margin, this has contributed to a reduction in Foraco International's consensus analyst price target from CA$3.94 to CA$3.50.
What's in the News
- Foraco International awarded a three-year, USD 34 million contract by Glencore for comprehensive drilling services at Lomas Bayas operations in Chile.
- The contract includes mine development and resource definition drilling, as well as exploration initiatives to expand and delineate new resources.
- Foraco will deploy at least four rigs, performing both reverse circulation and core drilling.
- Mobilization is in progress; drilling operations set to begin in the coming weeks.
- Foraco's long-standing presence in Chile and expertise in versatile drilling solutions are recognized by major mining clients.
Valuation Changes
Summary of Valuation Changes for Foraco International
- The Consensus Analyst Price Target has significantly fallen from CA$3.94 to CA$3.50.
- The Future P/E for Foraco International has significantly risen from 8.14x to 9.67x.
- The Net Profit Margin for Foraco International has risen slightly from 11.04% to 11.55%.
Disclaimer
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