Faraday Copper (TSE:FDY) PT Set at C$7.00 by Ventum Capital

Faraday Copper (TSE:FDY) has been given a C$7.00 price objective by Ventum Capital in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Capital’s price target suggests a potential upside of 27.50% from the stock’s current price.

FDY has been the subject of several other research reports. TD Securities lifted their price target on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. National Bank Financial lifted their price target on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$6.08.

Faraday Copper Stock Performance

Shares of TSE FDY traded down C$0.15 during trading on Tuesday, reaching C$5.49. The company had a trading volume of 558,116 shares, compared to its average volume of 1,008,081. Faraday Copper has a 52 week low of C$0.73 and a 52 week high of C$6.06. The stock has a market cap of C$1.60 billion, a PE ratio of -45.75 and a beta of 2.14. The business’s 50 day moving average price is C$4.71 and its 200-day moving average price is C$3.51.

Faraday Copper (TSE:FDY) last announced its earnings results on Thursday, May 7th. The company reported C$0.04 earnings per share for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 39.74%.

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”.