Foraco International (TSE:FAR) Raised to “Moderate Buy” at Desjardins

Foraco International (TSE:FAR) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Foraco International Trading Up 9.9 %

TSE:FAR opened at C$2.34 on Monday. The firm’s 50 day moving average is C$2.24 and its 200 day moving average is C$2.38. Foraco International has a 12 month low of C$1.75 and a 12 month high of C$3.27. The stock has a market capitalization of C$230.70 million, a PE ratio of 5.71 and a beta of 1.25. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75.

Foraco International (TSE:FAR) last issued its earnings results on Wednesday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.08 by C$0.03. The firm had revenue of C$105.94 million for the quarter. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. Sell-side analysts expect that Foraco International will post 0.5984655 earnings per share 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.