Faraday Copper Corp. (FDY.TO) – What Are Analysts Thinking About This Stock?

Shares of Faraday Copper Corp. (TSE:FDY) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$7.21.

FDY has been the topic of several recent analyst reports. TD increased their price objective on Faraday Copper from C$5.50 to C$7.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Raymond James Financial boosted their target price on Faraday Copper from C$8.50 to C$9.25 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Jefferies Financial Group raised Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. Finally, National Bank Financial upped their target price on shares of Faraday Copper from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Monday, September 21st.

Faraday Copper Trading Down 1.5%

Shares of FDY opened at C$4.01 on Tuesday. The business’s fifty day simple moving average is C$5.10 and its two-hundred day simple moving average is C$4.96. Faraday Copper has a 12 month low of C$1.85 and a 12 month high of C$6.69. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of -26.73 and a beta of 1.67.

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%.

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”.