Faraday Copper Corp. (TSE:FDY – Get Free Report)’s share price was up 3.7% during trading on Friday . The company traded as high as C$5.68 and last traded at C$5.64. Approximately 383,173 shares traded hands during trading, a decline of 58% from the average session volume of 912,684 shares. The stock had previously closed at C$5.44.
Analyst Ratings Changes
Several research firms recently weighed in on FDY. Raymond James Financial set a C$7.50 price objective on Faraday Copper and gave the company an “outperform” rating in a research note on Friday, June 5th. National Bank Financial increased 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 report on Wednesday, April 15th. Ventum Capital set a C$7.00 price target on shares of Faraday Copper and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, Ventum Financial raised shares of Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, Faraday Copper presently has an average rating of “Buy” and an average target price of C$6.44.
Read Our Latest Stock Report on FDY
Faraday Copper Stock Up 3.7%
Faraday Copper (TSE:FDY – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 39.74% and a negative net margin of 40,035.69%.
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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