Faraday Copper (TSE:FDY) Stock Gets Price Target Boost from Raymond James Financial

Faraday Copper (TSE:FDY) had its price objective hoisted by research analysts at Raymond James Financial from C$8.50 to C$9.25 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s price target would suggest a potential upside of 113.63% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. National Bank Financial lifted their target price on shares of Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. Finally, TD increased their target price on shares of Faraday Copper from C$5.50 to C$7.00 and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, Faraday Copper has a consensus rating of “Buy” and a consensus price target of C$7.21.

Faraday Copper Stock Performance

Shares of FDY traded down C$0.39 during trading hours on Thursday, hitting C$4.33. 1,091,705 shares of the stock were exchanged, compared to its average volume of 821,850. Faraday Copper has a 12-month low of C$1.85 and a 12-month high of C$6.69. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of -28.87 and a beta of 1.67. The stock’s 50-day moving average price is C$5.31 and its two-hundred day moving average price is C$5.43.

Faraday Copper (TSE:FDY) last posted its quarterly earnings data on Friday, August 7th. The company reported C($0.05) EPS 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”.