Faraday Copper Corp. (TSE:FDY) Stock Has Consensus Target Price of C$6.90

Shares of Faraday Copper Corp. (TSE:FDY) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$6.90.

FDY has been the topic of a number of research reports. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. National Bank Financial upped their price target on shares of Faraday Copper from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Monday, September 21st.

Faraday Copper Trading Down 3.1%

TSE:FDY opened at C$5.04 on Friday. The stock has a market cap of C$1.48 billion, a P/E ratio of -33.60 and a beta of 1.67. The stock’s 50-day moving average is C$5.45 and its 200-day moving average is C$5.40. Faraday Copper has a 1-year low of C$1.76 and a 1-year high of C$6.69.

Faraday Copper (TSE:FDY) last released its quarterly earnings data on Friday, August 7th. The company reported C($0.05) 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 36.55%.

About Faraday Copper

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”.