Faraday Copper (TSE:FDY) Stock Rating Upgraded by Jefferies Financial Group

Faraday Copper (TSE:FDY) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Raymond James Financial set a C$7.50 target price on Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th. Ventum Financial raised shares of Faraday Copper to a “strong-buy” rating in a research report on Tuesday, May 19th. National Bank Financial increased their price objective on shares of Faraday Copper from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Ventum Capital set a C$7.00 price objective on shares of Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, Faraday Copper currently has a consensus rating of “Buy” and an average target price of C$6.85.

Faraday Copper Trading Up 3.8%

Shares of FDY opened at C$5.98 on Monday. The firm has a fifty day simple moving average of C$5.67 and a two-hundred day simple moving average of C$5.10. The firm has a market cap of C$1.76 billion, a PE ratio of -39.87 and a beta of 1.84. Faraday Copper has a 1-year low of C$1.21 and a 1-year high of C$6.69.

Faraday Copper (TSE:FDY) last released its quarterly earnings results on Friday, August 7th. The company reported C($0.05) earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 36.55% 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”.