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Foraco International ( (TSE:FAR) ) has issued an update.
Foraco International has secured three long-term drilling contracts worth approximately US$150 million from Tier One mining customers in Canada and Chile. These contracts, which cover a range of drilling services, highlight Foraco’s strategic focus on long-term partnerships in stable jurisdictions and reflect the company’s ability to deliver diverse services at single mine sites. The contracts are expected to strengthen Foraco’s market position amid high copper and gold prices, with mobilization already underway in Chile and extended projects in Canada.
The most recent analyst rating on (TSE:FAR) stock is a Buy 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 Outperform.
Foraco International’s overall stock score is driven by strong valuation metrics, indicating potential undervaluation, and positive technical indicators. However, financial performance challenges, including declining revenue and high leverage, moderate the score.
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, providing comprehensive and reliable services in mining and water projects. It is the third largest global drilling enterprise, operating in 16 countries across five continents.
Average Trading Volume: 228,562
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$212.1M
Learn more about FAR stock on TipRanks’ Stock Analysis page.