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The latest update is out from Firm Cap Mortgage Invest ( (TSE:FC) ).
Firm Capital Mortgage Investment Corporation has successfully completed a $25 million public offering of convertible unsecured subordinated debentures, which will trade on the Toronto Stock Exchange. The proceeds from this offering will be used to repay existing indebtedness, potentially strengthening the company’s financial position and enhancing its ability to meet its investment objectives.
The most recent analyst rating on (TSE:FC) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Firm Cap Mortgage Invest stock, see the TSE:FC Stock Forecast page.
Spark’s Take on TSE:FC Stock
According to Spark, TipRanks’ AI Analyst, TSE:FC is a Neutral.
Firm Cap Mortgage Invest has a strong financial foundation and attractive valuation, bolstered by positive corporate events. However, cash flow challenges and short-term technical caution weigh on the overall score. Addressing cash flow inefficiencies is crucial for maintaining stability and supporting future growth.
To see Spark’s full report on TSE:FC stock, click here.
More about Firm Cap Mortgage Invest
Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, operates as a non-bank lender offering residential and commercial short-term bridge and conventional real estate financing. The company focuses on providing construction, mezzanine, and equity investments, with an investment objective centered on preserving shareholders’ equity and delivering a stable stream of monthly dividends.
Average Trading Volume: 46,669
Technical Sentiment Signal: Buy
Current Market Cap: C$437.2M
For an in-depth examination of FC stock, go to TipRanks’ Overview page.