Brokerages Set Faraday Copper Corp. (TSE:FDY) Target Price at C$6.85

Faraday Copper Corp. (TSE:FDY) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$6.85.

FDY has been the topic of a number of research analyst reports. National Bank Financial raised their target price on shares of Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Raymond James Financial set a C$7.50 price target on shares of Faraday Copper and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, Jefferies Financial Group raised Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th.

Faraday Copper Stock Performance

TSE FDY opened at C$5.10 on Monday. Faraday Copper has a 1-year low of C$1.35 and a 1-year high of C$6.69. The firm’s fifty day simple moving average is C$5.47 and its 200-day simple moving average is C$5.30. The company has a market capitalization of C$1.50 billion, a PE ratio of -34.00 and a beta of 1.65.

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”.