Faraday Copper (TSE:FDY) Price Target Raised to C$5.75

Faraday Copper (TSE:FDY) had its target price upped by National Bank Financial from C$5.50 to C$5.75 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities raised their target price on Faraday Copper from C$3.50 to C$5.50 and gave the company 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 assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$5.63.

Faraday Copper Stock Down 3.0%

Shares of FDY opened at C$4.89 on Wednesday. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of -40.75 and a beta of 2.15. The company’s fifty day moving average is C$4.31 and its 200-day moving average is C$3.04. Faraday Copper has a 12 month low of C$0.73 and a 12 month high of C$5.54.

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

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”.