Faraday Copper (TSE:FDY) Given a C$7.50 Price Target by Raymond James Financial Analysts

Faraday Copper (TSE:FDY) received a C$7.50 target price from research analysts at Raymond James Financial in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 36.12% from the company’s current price.

Several other research firms have also issued reports on FDY. Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a research note on Tuesday, May 19th. National Bank Financial upped their target price on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD Securities upped their target price on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Ventum Capital set a C$7.00 price target on shares of Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$6.44.

Faraday Copper Price Performance

Shares of TSE FDY traded down C$0.86 during trading on Friday, hitting C$5.51. The stock had a trading volume of 692,380 shares, compared to its average volume of 960,858. Faraday Copper has a 12 month low of C$0.77 and a 12 month high of C$6.69. The company has a market capitalization of C$1.61 billion, a PE ratio of -45.92 and a beta of 1.76. The firm has a fifty day moving average of C$5.13 and a two-hundred day moving average of C$3.87.

Faraday Copper (TSE:FDY) last posted its earnings results on Thursday, May 7th. The company reported C$0.04 earnings per share (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”.