Canadian Orebodies Forward P/E
What is the Forward P/E of Canadian Orebodies?
The Forward P/E of Canadian Orebodies Inc. is N/A
What is the definition of Forward P/E?
Forward price to earnings ratio is the ratio of a company’s stock price to the company’s estimated earnings per share for the next twelve months.
The forward price to earnings ratio is similar to trailing price to earnings ratio but instead of net income uses estimated net earnings over next 12 months. Estimates are typically derived as the mean of those published by a select group of analysts with selection criteria varying. The forward price-to-earnings ratio is a powerful, but limited tool. It allows a quick snapshot of the company’s finances without getting down in the details of an accounting report.
What does Canadian Orebodies do?
Hemlo Explorers Inc. engages in the exploration and development of mineral properties in Canada. It explores for iron, gold, zinc, and other deposits. The company holds a 100% interest in the North Limb project that includes 653 claim cells comprising approximately 8,000 hectares, as well as staked 985 mining claim cells located to the northeast of Marathon, Ontario. It also holds interests in the Hemlo West properties that consist of 350 claims. In addition, the company holds a 100% interest in the Wire Lake project, which includes 245 claims covering approximately 4,047 hectares; the Black Raven property, which comprises 415 claim units covering approximately 6,640 hectares located in the northwest portion of the Hemlo Greenstone Belt; the Goodchild Lake property comprising 25 claim units totaling approximately 400 hectares; and the Benton property that includes 31 mining claim cells totaling approximately 500 hectares. Further, it holds a 100% interest in the Belcher Islands iron project, which covers 23,042 hectares located on the Belcher Islands situated in Nunavut, Canada. Additionally, the company holds royalty interests in the Hawkins property. The company was formerly known as Canadian Orebodies Inc. and changed its name to Hemlo Explorers Inc. in May 2020. Hemlo Explorers Inc. was incorporated in 2008 and is headquartered in Toronto, Canada.