Faraday Copper Corp. (TSE:FDY) Stock Has Average Target Price of C$6.90 According to Analysts

Faraday Copper Corp. (TSE:FDY) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$6.90.

A number of research analysts have weighed in on FDY shares. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. National Bank Financial increased their target price 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.

Faraday Copper Price Performance

TSE:FDY opened at C$5.20 on Friday. The company has a 50 day moving average price of C$5.47 and a 200-day moving average price of C$5.38. Faraday Copper has a 1-year low of C$1.76 and a 1-year high of C$6.69. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of -34.67 and a beta of 1.67.

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