National Bank Financial Reiterates C$5.50 Price Target for Faraday Copper (TSE:FDY)

Faraday Copper (TSE:FDY) has been assigned a C$5.50 price target by stock analysts at National Bank Financial in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 45.89% from the company’s previous close.

Separately, TD Securities raised their target price on Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$5.50.

Faraday Copper Price Performance

TSE:FDY traded up C$0.19 during mid-day trading on Monday, hitting C$3.77. The company’s stock had a trading volume of 1,659,779 shares, compared to its average volume of 929,372. The business’s fifty day moving average is C$3.82 and its two-hundred day moving average is C$2.65. The stock has a market cap of C$953.36 million, a price-to-earnings ratio of -31.42 and a beta of 2.04. Faraday Copper has a 1 year low of C$0.72 and a 1 year high of C$5.54.

Faraday Copper (TSE:FDY) last released its quarterly earnings data on Thursday, March 12th. The company reported C$0.21 earnings per share for the quarter. Faraday Copper had a negative return on equity of 63.51% and a negative net margin of 40,035.69%.

Faraday Copper Company Profile

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.