Faraday Copper Corp. (TSE:FDY) Receives C$6.85 Average PT from Analysts

Faraday Copper Corp. (TSE:FDY) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$6.85.

Several analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a research note on Monday, August 24th. 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, National Bank Financial lifted their price objective on Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a report on Tuesday, July 14th.

Faraday Copper Price Performance

FDY stock opened at C$5.10 on Monday. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -34.00 and a beta of 1.65. The business’s fifty day moving average price is C$5.47 and its two-hundred day moving average price is C$5.30. Faraday Copper has a fifty-two week low of C$1.35 and a fifty-two week high of C$6.69.

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

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”.