Faraday Copper (TSE:FDY) PT Set at C$7.00 by Jefferies Financial Group

Faraday Copper (TSE:FDY) has been assigned a C$7.00 price objective by equities research analysts at Jefferies Financial Group in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 32.83% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. National Bank Financial raised their price target on 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 price objective on Faraday Copper and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Ventum Financial raised Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Raymond James Financial set a C$7.50 target price on shares of Faraday Copper and gave the company an “outperform” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$6.85.

Faraday Copper Trading Down 2.9%

Shares of Faraday Copper stock traded down C$0.16 during trading hours on Thursday, reaching C$5.27. 353,433 shares of the company’s stock were exchanged, compared to its average volume of 818,231. The company has a 50 day moving average of C$5.68 and a two-hundred day moving average of C$5.05. Faraday Copper has a fifty-two week low of C$1.21 and a fifty-two week high of C$6.69. The stock has a market cap of C$1.55 billion, a P/E ratio of -35.13 and a beta of 1.84.

Faraday Copper (TSE:FDY) last announced its quarterly earnings data on Friday, August 7th. The company reported C($0.05) earnings per share 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”.