Faraday Copper (TSE:FDY) Stock Price Expected to Rise, National Bank Financial Analyst Says

Faraday Copper (TSE:FDY) had its price target upped by stock analysts at National Bank Financial from C$7.25 to C$7.50 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 42.05% from the company’s current price.

A number of other research firms have also commented on FDY. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a research note on Monday, August 24th. Raymond James Financial set a C$7.50 target price on shares of Faraday Copper and gave the company an “outperform” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Faraday Copper has an average rating of “Buy” and a consensus price target of C$6.90.

Faraday Copper Stock Performance

Shares of FDY traded up C$0.18 during mid-day trading on Monday, reaching C$5.28. 519,057 shares of the company were exchanged, compared to its average volume of 841,824. The business has a 50 day simple moving average of C$5.47 and a two-hundred day simple moving average of C$5.30. The stock has a market capitalization of C$1.55 billion, a PE ratio of -35.20 and a beta of 1.65. Faraday Copper has a 52 week low of C$1.37 and a 52 week high of C$6.69.

Faraday Copper (TSE:FDY) last announced its earnings results on Friday, August 7th. The company reported C($0.05) EPS for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 36.55%.

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”.