Brokerages Set Faraday Copper Corp. (TSE:FDY) Price Target at C$6.85

Shares of Faraday Copper Corp. (TSE:FDY) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$6.85.

FDY has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a research report on Monday. National Bank Financial lifted their target price on shares of Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Ventum Capital set a C$7.00 target price on Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. Raymond James Financial set a C$7.50 price target on Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, Ventum Financial raised Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th.

Faraday Copper Trading Down 2.4%

Shares of FDY stock opened at C$5.78 on Thursday. The firm has a market capitalization of C$1.70 billion, a P/E ratio of -38.53 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. The firm’s fifty day simple moving average is C$5.66 and its 200 day simple moving average is C$5.14.

Faraday Copper (TSE:FDY) last issued its earnings results on Friday, August 7th. The company reported C($0.05) EPS for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 36.55%.

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”.