Faraday Copper (TSE:FDY – Get Free Report) had its price target hoisted by investment analysts at National Bank Financial from C$5.75 to C$7.25 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 27.87% from the stock’s previous close.
Several other research firms also recently commented on FDY. Ventum Financial raised shares of Faraday Copper to a “strong-buy” rating in a research report on Tuesday, May 19th. 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. Finally, Ventum Capital set a C$7.00 price objective on Faraday Copper and gave the company a “buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$6.81.
Faraday Copper Stock Up 2.5%
Faraday Copper (TSE:FDY – Get Free Report) last released its quarterly 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”.
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