Brokerages Set Faraday Copper Corp. (TSE:FDY) Target Price at C$6.85

Shares of Faraday Copper Corp. (TSE:FDY) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$6.85.

Several analysts recently issued reports on the stock. National Bank Financial upped their price target on shares of Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. Finally, Raymond James Financial set a C$7.50 target price on shares of Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th.

Faraday Copper Stock Down 2.5%

Shares of FDY opened at C$4.77 on Monday. The business’s 50 day moving average is C$5.50 and its two-hundred day moving average is C$5.30. Faraday Copper has a 52-week low of C$1.21 and a 52-week high of C$6.69. The firm has a market cap of C$1.40 billion, a price-to-earnings ratio of -31.80 and a beta of 1.65.

Faraday Copper (TSE:FDY) last released its quarterly earnings results on Friday, August 7th. The company reported C($0.05) earnings per share for the quarter. Faraday Copper had a negative return on equity of 36.55% 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”.