Faraday Copper (TSE:FDY) Given a C$7.50 Price Target by Raymond James Financial Analysts

Faraday Copper (TSE:FDY – Get Free Report) has been assigned a C$7.50 price objective by research analysts at Raymond James Financial in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 36.12% from the stock’s previous close.

FDY has been the subject of several other research reports. National Bank Financial lifted 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, April 15th. Ventum Capital set a C$7.00 target price on shares of Faraday Copper and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, TD Securities raised their price objective on shares of Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, Faraday Copper has a consensus rating of “Buy” and a consensus target price of C$6.44.

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Faraday Copper Price Performance

Shares of FDY traded down C$0.86 during trading hours on Friday, hitting C$5.51. The company’s stock had a trading volume of 692,380 shares, compared to its average volume of 960,858. The company has a market cap of C$1.61 billion, a price-to-earnings ratio of -45.92 and a beta of 1.76. The business has a 50 day simple moving average of C$5.13 and a two-hundred day simple moving average of C$3.87. Faraday Copper has a 52-week low of C$0.77 and a 52-week high of C$6.69.

Faraday Copper (TSE:FDY – Get Free Report) last posted its 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

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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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