Faraday Copper (TSE:FDY) Price Target Raised to C$7.50 at National Bank Financial

Faraday Copper (TSE:FDY) had its price target increased by research analysts at National Bank Financial from C$7.25 to C$7.50 in a research report issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 42.05% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Raymond James Financial set a C$7.50 price objective on Faraday Copper and gave the company an “outperform” rating in a report on Friday, June 5th. Jefferies Financial Group upgraded Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, Faraday Copper currently has an average rating of “Buy” and an average target price of C$6.90.

Faraday Copper Stock Performance

Shares of FDY traded up C$0.18 during mid-day trading on Monday, reaching C$5.28. The company had a trading volume of 519,057 shares, compared to its average volume of 841,824. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -35.20 and a beta of 1.65. The company’s 50 day simple moving average is C$5.47 and its 200 day simple moving average is C$5.30. Faraday Copper has a 1-year low of C$1.37 and a 1-year high of C$6.69.

Faraday Copper (TSE:FDY) last released its quarterly earnings data on Friday, August 7th. The company reported C($0.05) earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 36.55% 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”.