Faraday Copper (TSE:FDY) Raised to “Strong-Buy” at National Bank Financial

Faraday Copper (TSE:FDY) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a research report issued on Sunday,Zacks.com reports.

Separately, TD Securities boosted 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. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of C$5.50.

Faraday Copper Price Performance

FDY opened at C$3.75 on Friday. The firm has a market capitalization of C$948.30 million, a price-to-earnings ratio of -31.25 and a beta of 2.04. The company’s 50 day simple moving average is C$3.84 and its two-hundred day simple moving average is C$2.67. 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 posted its quarterly earnings results on Thursday, March 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 63.51% 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”.