National Bank Financial Issues Positive Forecast for Faraday Copper (TSE:FDY) Stock Price

Faraday Copper (TSE:FDY) had its price target raised by National Bank Financial from C$5.50 to C$5.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 15.23% from the stock’s previous close.

Separately, TD Securities lifted 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 note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$5.63.

Faraday Copper Price Performance

TSE FDY traded up C$0.15 on Wednesday, reaching C$4.99. The company had a trading volume of 720,896 shares, compared to its average volume of 901,112. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of -41.58 and a beta of 2.15. The business has a 50 day moving average of C$4.19 and a two-hundred day moving average of C$2.99. Faraday Copper has a fifty-two week low of C$0.73 and a fifty-two week high of C$5.54.

Faraday Copper (TSE:FDY) last released its earnings results on Thursday, March 12th. The company reported C$0.21 earnings per share for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 63.51%.

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”.