Foran Mining (FOM) AI Stock Analysis

• Market Cap: C$1.38B
• Dividend Yield: N/A
• Average Volume (3M): 722.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: N/A
• EPS Growth: 8.92%
• Country: CA
• Employees: 167
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 393,136,630
• 10 Day Avg. Volume: 772,015
• 30 Day Avg. Volume: 722,544
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 289.00
• P/FCF Ratio: 1210.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.83
• Price Target Upside: 47.71% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

Foran Mining's stock is under pressure due to significant financial challenges and technical weaknesses, with no revenue generation and a highly negative P/E ratio. However, recent corporate events such as funding for sustainable development and positive expansion potential at McIlvenna Bay offer some long-term growth prospects.

Foran Mining Business Overview & Revenue Model

Company Description

Foran Mining Corporation (FOM) is a Canadian exploration and development company focused on advancing its flagship McIlvenna Bay project, a copper-zinc-gold-silver property located in Saskatchewan, Canada. The company operates within the mining and natural resources sector, aiming to become a leading sustainable mineral development company. Foran Mining is dedicated to delivering high-value mineral production while maintaining a strong commitment to environmental stewardship and community engagement.

How the Company Makes Money

Foran Mining primarily generates revenue through the exploration and development of mineral resources, particularly from its McIlvenna Bay project. The company's revenue model is based on the successful extraction, processing, and sale of mined commodities, including copper, zinc, gold, and silver. Foran Mining's earnings are significantly influenced by the global demand and market prices for these metals, as well as the efficiency of its mining operations. The company may also engage in strategic partnerships or joint ventures to enhance its operational capabilities and expand its resource base, contributing to potential future income streams.

Foran Mining Financial Statement Overview

Summary

Foran Mining is in a developmental stage with no revenue generation yet, relying heavily on equity financing. The strong equity position is a positive indicator, but the absence of operational income and continuous cash outflows for investments pose financial risks.

Income Statement

Foran Mining has consistently reported zero revenue over the analyzed period, indicating no operational income. The company has been incurring losses, with negative EBIT and net income figures, reflecting operational and net losses. EBITDA margins are also negative, suggesting challenges in covering operational costs. The absence of revenue and continuous negative income margins suggest the company is in a pre-revenue or exploratory stage, typical for some mining firms, but poses a high risk for profitability.

Balance Sheet

The balance sheet shows a strong equity base with a high stockholders' equity and low total debt, resulting in a favorable debt-to-equity ratio. The equity ratio is robust, indicating a well-capitalized company with significant shareholder investment. However, the lack of revenue and continuous net losses could strain financial stability if external financing is reduced.

Cash Flow

Cash flow statements show significant negative free cash flow, driven by high capital expenditures, likely for project development or exploration activities. Operating cash flows are negative, indicating the company's reliance on external financing, evident from positive financing cash flows. While investment in growth is a positive sign, the negative cash flow from operations highlights a risk if financing sources become unavailable.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-58.00K	-98.00K	-142.98K	-152.29K
	EBIT
-14.79M	-16.94M	-9.61M	-6.36M	-1.19M	-1.83M
	EBITDA
-2.71M	-16.89M	-9.98M	-3.59M	-1.04M	-1.52M
	Net Income Common Stockholders
-6.25M	-13.62M	-9.79M	-4.36M	-2.05M	-1.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.17M	266.49M	87.32M	84.00M	1.05M	391.61K
	Total Assets
41.24M	542.49M	236.73M	174.89M	42.17M	40.90M
	Total Debt
0.00	38.47M	34.08M	1.09M	53.88K	153.92K
	Net Debt
-4.17M	-228.02M	-53.24M	-82.91M	-995.71K	-237.69K
	Total Liabilities
836.00K	84.43M	49.03M	14.54M	1.04M	1.10M
	Stockholders Equity
40.41M	458.06M	187.70M	160.35M	41.13M	39.79M
Cash Flow		Free Cash Flow
-237.52M	-111.37M	-59.48M	-40.35M	-1.24M	-4.13M
	Operating Cash Flow
-792.00K	-6.28M	-1.98M	-4.42M	-481.60K	-974.48K
	Investing Cash Flow
-248.28M	-105.44M	-61.78M	-35.94M	-756.70K	-3.15M
	Financing Cash Flow
567.98M	290.39M	67.17M	123.30M	1.90M	350.80K

Foran Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FOM, the sentiment is Negative. The current price of 3.27 is below the 20-day moving average (MA) of 3.73, below the 50-day MA of 3.88, and below the 200-day MA of 3.98, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 34.61 is Neutral, neither overbought nor oversold. The STOCH value of 7.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FOM.

Foran Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	61 Neutral	$9.02B	25.63	0.24%	4.04%	-2.71%	-188.94%
FM	58 Neutral	$14.14B	―	0.02%	―	-24.38%	99.06%
CS	57 Neutral	$4.30B	35.56	2.90%	―	20.74%	―
IVN	48 Neutral	$16.43B	51.97	5.25%	―	―	-33.54%
Sector *	47 Neutral	$2.43B	-2.83	-21.77%	3.74%	4.16%	-28.83%
FOM	36 Underperform	C$1.38B	―	-3.01%	―	―	8.92%

Foran Mining Corporate Events

Foran Mining Files 2024 Financials and Advances McIlvenna Bay Project

Foran Mining Corporation has filed its annual financial results for the year ending December 31, 2024, along with its management’s discussion and analysis and annual information form. The company has also released a 2025 Technical Report for the McIlvenna Bay Project, outlining significant mineral resources. This development positions Foran Mining to potentially establish a new mining camp in the Flin Flon Greenstone Belt, enhancing its industry standing and offering promising prospects for stakeholders.

Foran Mining Unveils Record Drill Results at Tesla Zone, Signaling Expansion Potential

Foran Mining Corporation has announced significant results from its 2025 winter drill program at the Tesla Zone of the McIlvenna Bay Project. The drill program has returned the highest grade-thickness intercept to date, indicating substantial expansion potential for the zone. The results include robust intervals of mineralization, with drill hole TS-25-37 intersecting multiple zones of massive and semi-massive sulphides. This development underscores the potential for further growth and resource estimation, with ongoing drilling efforts aimed at confirming continuity and expanding the mineralized zones. The announcement highlights the company’s strategic focus on resource expansion and its implications for future resource estimates, potentially enhancing its industry positioning and stakeholder value.

Foran Mining Expands McIlvenna Bay Deposit with Promising Drill Results

Foran Mining Corporation has announced significant results from its 2025 winter drill program at the McIlvenna Bay Project, revealing a substantial down-plunge expansion of the McIlvenna Bay Deposit. The initial drill hole, BZ-25-01, successfully extended the deposit by 200 meters and expanded the Bridge Zone mineralization, indicating potential for further growth. The results suggest that mineralization may continue at depth, enhancing the project’s expansion prospects. This development is part of Foran’s largest winter drill program, which aims to advance the Tesla resource estimation and delineate the Bridge Zone, potentially strengthening the company’s position in the mining sector.

Foran Mining Advances Construction at McIlvenna Bay Project

Foran Mining Corporation reports significant progress in the construction of the McIlvenna Bay project, with a focus on safety and collaboration with local communities. Key developments include the initiation of structural steel installation for the grinding area, nearing completion of detailed engineering, and substantial underground development. The company has repurchased a 1% net smelter royalty, enhancing the project’s economic potential. Foran remains committed to advancing toward commercial production by the first half of 2026, positioning itself as a leading producer of critical minerals in North America.

Foran Mining Secures C$41M for Sustainable Development at McIlvenna Bay

Foran Mining Corporation has secured a C$41 million agreement with Canada’s Strategic Innovation Fund to advance the McIlvenna Bay project. This funding will support the implementation of sustainable technologies, such as battery electric vehicles and water recycling systems, at the mining site. The investment aims to enhance Foran’s operations, promote environmentally responsible mining practices, and support over 400 jobs, reinforcing Saskatchewan’s position as a leader in the global mining industry.

Foran Mining Initiates Largest Winter Drill Program at Tesla Zone

Foran Mining has launched its largest ever winter drill program at the Tesla Zone of the McIlvenna Bay Project, aiming to drill over 30,000 meters using eight drills. The program’s goal is to support a future resource estimate by confirming the continuity of mineralization, especially in previously undrilled gaps, while further expanding the area’s potential. Final assay results from the 2024 drilling program show promising extensions of mineralization, including significant gold and silver intersections, signaling ongoing opportunities for resource growth.