Falco Resources (FPC) Sets New 12-Month Low at $0.34
Shares of Falco Resources Ltd (CVE:FPC) reached a new 52-week low on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.35, with a volume of 420650 shares changing hands. The stock had previously closed at C$0.37.
Several analysts have weighed in on the company. Desjardins cut their price objective on Falco Resources from C$1.75 to C$1.50 in a research report on Tuesday, June 19th. Canaccord Genuity cut their price objective on Falco Resources from C$1.75 to C$1.20 in a research report on Wednesday, June 20th. Raymond James cut their price objective on Falco Resources from C$1.75 to C$1.25 and set an “outperform” rating on the stock in a research report on Monday, June 25th. Finally, National Bank Financial boosted their price target on Falco Resources from C$1.25 to C$1.30 in a research report on Saturday, July 14th.
Falco Resources (CVE:FPC) last issued its quarterly earnings results on Wednesday, September 19th. The company reported C($0.01) EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.01.
Falco Resources Ltd., a junior resource exploration company, engages in acquiring and exploring mineral properties in Canada. It explores for base and precious metals, such as gold, silver, and copper deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 74,000 hectares located in the Province of Québec.
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