Faraday Copper (TSE:FDY) Raised to Strong-Buy at Jefferies Financial Group

Faraday Copper (TSE:FDY) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

FDY has been the subject of a number of other research reports. Ventum Capital set a C$7.00 target price on Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. National Bank Financial lifted their price target on shares of Faraday Copper from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Raymond James Financial set a C$7.50 price objective on shares of Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, Faraday Copper presently has a consensus rating of “Buy” and a consensus target price of C$6.85.

Faraday Copper Trading Up 3.8%

TSE:FDY opened at C$5.98 on Monday. Faraday Copper has a 12-month low of C$1.21 and a 12-month high of C$6.69. The stock has a 50-day moving average price of C$5.67 and a 200 day moving average price of C$5.10. The stock has a market capitalization of C$1.76 billion, a P/E ratio of -39.87 and a beta of 1.84.

Faraday Copper (TSE:FDY) last posted its earnings results on Friday, August 7th. The company reported C($0.05) EPS 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”.