Faraday Copper (TSE:FDY) PT Set at C$7.00 by Ventum Capital

Faraday Copper (TSE:FDY) has been given a C$7.00 price objective by research analysts at Ventum Capital in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Capital’s price objective would indicate a potential upside of 27.50% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TD Securities raised their price objective on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. National Bank Financial lifted their price target on shares of Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Faraday Copper has an average rating of “Buy” and a consensus price target of C$6.08.

Faraday Copper Stock Performance

Shares of TSE:FDY traded down C$0.15 during midday trading on Tuesday, reaching C$5.49. 558,116 shares of the company’s stock were exchanged, compared to its average volume of 1,008,081. The company’s 50 day simple moving average is C$4.71 and its two-hundred day simple moving average is C$3.51. The firm has a market capitalization of C$1.60 billion, a PE ratio of -45.75 and a beta of 2.14. Faraday Copper has a 12 month low of C$0.73 and a 12 month high of C$6.06.

Faraday Copper (TSE:FDY) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.04 EPS for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 39.74%.

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”.