Faraday Copper (TSE:FDY) Price Target Raised to C$7.25

Faraday Copper (TSE:FDY) had its target price hoisted by National Bank Financial from C$5.75 to C$7.25 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 27.87% from the stock’s current price.

Several other brokerages also recently issued reports on FDY. Ventum Financial raised Faraday Copper to a “strong-buy” rating in a research note on Tuesday, May 19th. Raymond James Financial set a C$7.50 target price on Faraday Copper and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Ventum Capital set a C$7.00 target price on Faraday Copper and gave the company a “buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, Faraday Copper presently has a consensus rating of “Buy” and a consensus price target of C$6.81.

Faraday Copper Trading Up 2.5%

TSE:FDY traded up C$0.14 during trading hours on Tuesday, hitting C$5.67. 196,288 shares of the stock traded hands, compared to its average volume of 881,471. The firm has a 50 day moving average price of C$5.74 and a 200 day moving average price of C$4.55. Faraday Copper has a fifty-two week low of C$1.03 and a fifty-two week high of C$6.69. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of -47.25 and a beta of 1.87.

Faraday Copper (TSE:FDY) last issued its earnings results on Thursday, May 7th. The company reported C$0.04 EPS for the quarter. Faraday Copper had a negative return on equity of 39.74% and a negative net margin of 40,035.69%.

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”.