Faraday Copper (TSE:FDY) Given a C$7.00 Price Target at Jefferies Financial Group

Faraday Copper (TSE:FDY) has been given a C$7.00 price objective by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 32.83% from the stock’s previous close.

FDY has been the topic of a number of other reports. Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. Raymond James Financial set a C$7.50 target price on shares of Faraday Copper and gave the stock an “outperform” rating in a research note on Friday, June 5th. Ventum Capital set a C$7.00 target price on Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, National Bank Financial lifted their price target on Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$6.85.

Faraday Copper Stock Performance

TSE FDY traded down C$0.16 during trading hours on Thursday, reaching C$5.27. 353,433 shares of the company’s stock were exchanged, compared to its average volume of 818,231. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -35.13 and a beta of 1.84. The company’s 50-day moving average is C$5.68 and its two-hundred day moving average is C$5.05. Faraday Copper has a one year low of C$1.21 and a one year high of C$6.69.

Faraday Copper (TSE:FDY) last announced its quarterly earnings results on Friday, August 7th. The company reported C($0.05) earnings per share for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 36.55%.

About Faraday Copper

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”.