Faraday Copper (TSE:FDY) Stock Price Up 3.9% – Here’s Why

Shares of Faraday Copper Corp. (TSE:FDY) rose 3.9% during trading on Tuesday . The company traded as high as C$4.90 and last traded at C$4.84. Approximately 749,397 shares were traded during trading, a decline of 17% from the average daily volume of 907,136 shares. The stock had previously closed at C$4.66.

Analysts Set New Price Targets

FDY has been the subject of a number of analyst reports. TD Securities boosted their target price on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. National Bank Financial boosted their target price on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Faraday Copper presently has a consensus rating of “Buy” and an average price target of C$5.63.

Faraday Copper Stock Up 0.8%

The stock has a market capitalization of C$1.40 billion, a PE ratio of -42.00 and a beta of 2.15. The business’s 50-day moving average is C$4.27 and its two-hundred day moving average is C$3.02.

Faraday Copper (TSE:FDY) last announced its quarterly earnings results on Thursday, March 12th. The company reported C$0.21 earnings per share for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 63.51%.

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”.