Faraday Copper Corp. (TSE:FDY – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$6.11 and last traded at C$6.06, with a volume of 373949 shares traded. The stock had previously closed at C$5.91.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on FDY shares. TD Securities upped their price objective on shares of Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. National Bank Financial boosted their price target on Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Ventum Capital set a C$7.00 target price on shares of Faraday Copper and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, Ventum Financial upgraded Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$6.08.
View Our Latest Analysis on Faraday Copper
Faraday Copper Price Performance
Faraday Copper (TSE:FDY – Get Free Report) last posted its quarterly earnings results 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”.
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