Faraday Copper Corp. (TSE:FDY) Stock Has Average Target Price of C$7.21

Shares of Faraday Copper Corp. (TSE:FDY) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$7.21.

FDY has been the subject of a number of recent research reports. Raymond James Financial increased their price objective on Faraday Copper from C$8.50 to C$9.25 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Jefferies Financial Group raised Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. TD upped their target price on Faraday Copper from C$5.50 to C$7.00 and gave the company a “buy” rating in a report on Monday, October 19th. Finally, National Bank Financial lifted their price target on Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Monday, September 21st.

Faraday Copper Stock Performance

Faraday Copper stock opened at C$4.37 on Tuesday. Faraday Copper has a one year low of C$1.85 and a one year high of C$6.69. The company has a 50-day simple moving average of C$4.92 and a 200-day simple moving average of C$4.99. The firm has a market capitalization of C$1.29 billion, a P/E ratio of -29.13 and a beta of 1.44.

Faraday Copper (TSE:FDY) last issued its quarterly earnings results on Friday, August 7th. The company reported C($0.05) EPS 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”.