Foraco International SA T.FAR

Alternate Symbol(s): FRACF

Metals & Mining Industrial Metals & Minerals

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.

TSX:FAR - Post by User

Foraco International SA > And Another New High $2.41

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Comment by Possibleidiot01on Jan 15, 2024 2:17pm

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Post# 35827411

RE:RE:RE:And Another New High $2.41

Jordan Zinberg had this as a TOP PICK on BNN.

Foraco (FAR TSX)

Foraco is a leading global drilling services contractor that operates across several major mining regions. The company has gone through a major transition in recent years, focusing its footprint on stable jurisdictions, signing long-term contracts with Tier 1 customers, and demonstrating dramatically improved financial performance. Despite consistent growth in revenue and profits, expanding margins, and a recent reduction in financing costs, the stock currently trades at less than four times 2024 earnings.

Owned personally, by family and in fund

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