Faraday Copper (TSE:FDY) Stock Price Expected to Rise, TD Analyst Says

Faraday Copper (TSE:FDY) had its price target boosted by analysts at TD from C$5.50 to C$7.00 in a report released on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 47.37% from the company’s previous close.

A number of other analysts have also weighed in on the stock. National Bank Financial upped their price objective on shares of Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, Faraday Copper has an average rating of “Buy” and an average target price of C$6.92.

Faraday Copper Stock Performance

FDY traded up C$0.03 during trading on Monday, hitting C$4.75. 719,872 shares of the stock were exchanged, compared to its average volume of 817,474. The firm has a 50 day simple moving average of C$5.37 and a 200 day simple moving average of C$5.42. The firm has a market cap of C$1.40 billion, a price-to-earnings ratio of -31.67 and a beta of 1.67. Faraday Copper has a 1 year low of C$1.80 and a 1 year high of C$6.69.

Faraday Copper (TSE:FDY) last issued its 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%.

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”.