Faraday Copper Corp. (TSE:FDY) Receives Average Rating of “Buy” from Brokerages

Faraday Copper Corp. (TSE:FDY) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$6.85.

A number of research firms recently weighed in on FDY. National Bank Financial raised their target price on shares of Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Ventum Capital set a C$7.00 price objective on shares of Faraday Copper and gave the company a “buy” rating in a research report on Tuesday, May 19th. Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group set a C$7.00 price objective on shares of Faraday Copper and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James Financial set a C$7.50 target price on Faraday Copper and gave the company an “outperform” rating in a research report on Friday, June 5th.

Faraday Copper Stock Performance

Shares of Faraday Copper stock traded down C$0.09 on Thursday, hitting C$5.34. 502,207 shares of the company traded hands, compared to its average volume of 818,930. The stock has a market capitalization of C$1.57 billion, a P/E ratio of -35.60 and a beta of 1.84. Faraday Copper has a 52 week low of C$1.21 and a 52 week high of C$6.69. The business has a 50-day simple moving average of C$5.68 and a 200 day simple moving average of C$5.05.

Faraday Copper (TSE:FDY) last released 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”.