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Foraco International ( (TSE:FAR) ) just unveiled an announcement.
Foraco International reported a decrease in revenue for Q2 2025 to US$69.1 million from US$77.9 million in Q2 2024, attributed to program discontinuations and delays in North and South America. Despite these challenges, the company achieved growth in the Asia Pacific and EMEA regions, driven by new contracts and strong operational performance. The company maintained solid profitability through cost discipline, with a focus on aligning its portfolio with high-potential regions and segments. Foraco’s strategic investments in proprietary rigs and fleet modernization are aimed at sustaining future growth, despite a negative free cash flow due to capital expenditures for new deployments.
The most recent analyst rating on (TSE:FAR) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Foraco International stock, see the TSE:FAR Stock Forecast page.
Spark’s Take on TSE:FAR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FAR is a Outperform.
Foraco International’s overall stock score is driven by its stable financial performance and attractive valuation, suggesting value potential. The recent corporate events, including a major contract and leadership strengthening, provide positive strategic momentum. Technical indicators reflect bearish sentiment, but the company’s financial health and strategic moves position it well for future growth.
To see Spark’s full report on TSE:FAR stock, click here.
More about Foraco International
Foraco International SA is a leading global provider of drilling services, specializing in the mining sector. The company focuses on delivering high-value contracts and investing in proprietary rigs to enhance its operational capabilities.
Average Trading Volume: 79,322
Technical Sentiment Signal: Sell
Current Market Cap: C$168.7M
See more data about FAR stock on TipRanks’ Stock Analysis page.