Faraday Copper (TSE:FDY) Rating Increased to Strong-Buy at Ventum Financial

Ventum Financial upgraded shares of Faraday Copper (TSE:FDY) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. National Bank Financial boosted their price objective on shares of Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD Securities boosted their price objective on shares of Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Ventum Capital set a C$7.00 price target on shares of Faraday Copper and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Faraday Copper presently has an average rating of “Buy” and a consensus target price of C$6.08.

Faraday Copper Stock Down 1.2%

TSE FDY opened at C$5.57 on Tuesday. The company’s 50 day moving average is C$4.72 and its 200-day moving average is C$3.54. Faraday Copper has a 12-month low of C$0.73 and a 12-month high of C$6.06. The firm has a market cap of C$1.63 billion, a P/E ratio of -46.42 and a beta of 2.14.

Faraday Copper (TSE:FDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.04 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 39.74%.

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”.