Key Points
- Director William Warren Holmes bought 17,000 shares at C$2.84 each (C$48,280 total) on March 16, increasing his holding to 450,001 shares—a 3.93% uptick.
- Analyst update: Desjardins raised its price target from C$3.00 to C$4.50 and gave a "buy" rating; MarketBeat data shows a consensus target of C$4.50.
- Recent company metrics: market cap C$272.91M, P/E 17.76, Q latest EPS C$0.03 on C$86.61M revenue, and leverage figures include a debt-to-equity ratio of 99.57.
Foraco International SA (TSE:FAR - Get Free Report) Director William Warren Holmes bought 17,000 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of C$2.84 per share, for a total transaction of C$48,280.00. Following the acquisition, the director directly owned 450,001 shares of the company's stock, valued at approximately C$1,278,002.84. This represents a 3.93% increase in their position.
Foraco International Stock Performance
FAR opened at C$2.77 on Friday. The stock has a market capitalization of C$272.91 million, a price-to-earnings ratio of 17.76 and a beta of 0.72. The company has a fifty day moving average of C$2.91 and a 200 day moving average of C$2.46. Foraco International SA has a fifty-two week low of C$1.57 and a fifty-two week high of C$3.54. The company has a debt-to-equity ratio of 99.57, a quick ratio of 0.88 and a current ratio of 1.36.
Foraco International (TSE:FAR - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported C$0.03 EPS for the quarter. Foraco International had a net margin of 6.02% and a return on equity of 16.77%. The business had revenue of C$86.61 million for the quarter. As a group, sell-side analysts forecast that Foraco International SA will post 0.5984655 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Desjardins increased their price target on Foraco International from C$3.00 to C$4.50 and gave the company a "buy" rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$4.50.
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About Foraco International
(
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Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.
Further Reading
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