Faraday Copper (TSE:FDY) Upgraded to “Strong-Buy” at National Bank Financial

Faraday Copper (TSE:FDY) was upgraded by equities researchers at National Bank Financial to a “strong-buy” rating in a note issued to investors on Sunday,Zacks.com reports.

Separately, TD Securities raised their price objective on Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$5.50.

Faraday Copper Stock Up 4.7%

TSE:FDY opened at C$3.75 on Friday. The stock has a market cap of C$948.30 million, a price-to-earnings ratio of -31.25 and a beta of 2.04. The company’s 50 day moving average price is C$3.84 and its 200-day moving average price is C$2.67. Faraday Copper has a 52 week low of C$0.72 and a 52 week high of C$5.54.

Faraday Copper (TSE:FDY) last posted its earnings results on Thursday, March 12th. The company reported C$0.21 earnings per share (EPS) 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”.