Faraday Copper (TSE:FDY) Price Target Raised to C$9.25

Faraday Copper (TSE:FDY) had its price target raised by Raymond James Financial from C$8.50 to C$9.25 in a report published on Thursday,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.

FDY has been the topic of a number of other research reports. National Bank Financial lifted their target price on Faraday Copper from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Monday, September 21st. Jefferies Financial Group upgraded Faraday Copper to a “strong-buy” rating in a research note on Monday, August 24th. Finally, TD upped their price target on Faraday Copper from C$5.50 to C$7.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$7.21.

Faraday Copper Stock Down 2.1%

Shares of FDY opened at C$4.24 on Thursday. Faraday Copper has a fifty-two week low of C$1.85 and a fifty-two week high of C$6.69. The company’s fifty day moving average is C$5.26 and its two-hundred day moving average is C$5.42. The firm has a market cap of C$1.25 billion, a PE ratio of -28.27 and a beta of 1.67.

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 return on equity of 36.55% and a negative net margin of 40,035.69%.

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”.