Faraday Copper Corp. (TSE:FDY) Stock Rated “Buy” by Wall Street Brokerages

Faraday Copper Corp. (TSE:FDY) has received a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$7.21.

Several research firms have recently commented on FDY. Jefferies Financial Group upgraded Faraday Copper to a “strong-buy” rating in a research note on Monday, August 24th. TD lifted their price target on shares of Faraday Copper from C$5.50 to C$7.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Raymond James Financial increased their price objective on shares of Faraday Copper from C$8.50 to C$9.25 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Finally, National Bank Financial raised their price objective on shares of Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Monday, September 21st.

Faraday Copper Price Performance

Shares of TSE FDY opened at C$3.94 on Tuesday. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -26.27 and a beta of 1.44. Faraday Copper has a 1-year low of C$1.85 and a 1-year high of C$6.69. The business has a 50-day moving average of C$4.95 and a 200-day moving average of C$4.98.

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