Faraday Copper (TSE:FDY) Given a C$5.50 Price Target by National Bank Financial Analysts

Faraday Copper (TSE:FDY) has been given a C$5.50 target price by National Bank Financial in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 45.89% from the company’s previous close.

Separately, TD Securities increased their target price on Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$5.50.

Faraday Copper Price Performance

TSE FDY traded up C$0.19 during trading hours on Monday, reaching C$3.77. The company’s stock had a trading volume of 1,659,779 shares, compared to its average volume of 929,372. The firm has a market capitalization of C$953.36 million, a price-to-earnings ratio of -31.42 and a beta of 2.04. The company’s 50-day moving average is C$3.82 and its two-hundred day moving average is C$2.65. Faraday Copper has a 1-year low of C$0.72 and a 1-year high of C$5.54.

Faraday Copper (TSE:FDY) last issued its quarterly earnings data on Thursday, March 12th. The company reported C$0.21 EPS for the quarter. Faraday Copper had a negative return on equity of 63.51% 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”.