Faraday Copper (TSE:FDY) Price Target Raised to C$7.50

Faraday Copper (TSE:FDY) had its price target raised by National Bank Financial from C$7.25 to C$7.50 in a research note published on Monday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. Raymond James Financial set a C$7.50 price objective on shares of Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$6.90.

Faraday Copper Stock Down 2.5%

Shares of TSE FDY opened at C$5.42 on Monday. The stock has a market cap of C$1.60 billion, a PE ratio of -36.13 and a beta of 1.65. Faraday Copper has a 52-week low of C$1.37 and a 52-week high of C$6.69. The business has a 50-day moving average price of C$5.46 and a 200 day moving average price of C$5.30.

Faraday Copper (TSE:FDY) last issued its quarterly earnings data 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%.

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”.