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Foraco International ( (TSE:FAR) ) just unveiled an update.
Foraco International has secured a three-year, $34 million contract with Glencore for drilling services at the Lomas Bayas mine in Chile. This contract will enhance Foraco’s regional presence and underscores its strategic importance in Chile, reflecting strong relationships with major clients and aligning with high copper and gold market prices.
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 Neutral.
Foraco International’s overall stock score reflects solid valuation and stable financial performance, tempered by mixed technical indicators and recent corporate challenges. The attractive P/E ratio and dividend yield are key strengths, but declining revenue and moderate leverage present risks. Recent strategic adjustments highlight ongoing adaptability but also underline existing challenges.
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 comprehensive and reliable services in mining and water projects. It has grown into the third largest global drilling enterprise with a presence in 17 countries across five continents, supported by its founding values of integrity, innovation, and involvement.
Average Trading Volume: 78,186
Technical Sentiment Signal: Sell
Current Market Cap: C$177.5M
Learn more about FAR stock on TipRanks’ Stock Analysis page.