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Foraco International ( (TSE:FAR) ) just unveiled an announcement.
Foraco International has secured over US$60 million in long-term drilling contracts with Tier-One gold producers in Nevada, USA. This strategic move enhances Foraco’s presence in the U.S. market and showcases its technical expertise in handling challenging geological conditions, reinforcing its commitment to long-term partnerships in the mining industry.
The most recent analyst rating on (TSE:FAR) stock is a Hold with a C$2.50 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 Neutral.
Foraco International’s stock score is driven by positive technical indicators and a reasonable valuation, despite financial performance challenges. The earnings call highlighted strategic wins but also underscored revenue and margin pressures, particularly in North America.
To see Spark’s full report on TSE:FAR stock, click here.
More about Foraco International
Foraco International SA is a leading global mineral drilling services company that provides a comprehensive suite of drilling solutions to the mining and water industries. It is the third-largest drilling provider worldwide, operating in 17 countries across five continents, and is guided by values of integrity, innovation, and involvement.
Average Trading Volume: 215,812
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$236.5M
For an in-depth examination of FAR stock, go to TipRanks’ Overview page.