Jefferies Financial Group Analysts Give Faraday Copper (TSE:FDY) a C$7.00 Price Target

Jefferies Financial Group set a C$7.00 price objective on Faraday Copper (TSE:FDY) in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. National Bank Financial lifted their price objective on Faraday Copper from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Ventum Capital set a C$7.00 target price on shares of Faraday Copper and gave the company a “buy” rating in a research note on Tuesday, May 19th. Raymond James Financial set a C$7.50 price target on shares of Faraday Copper and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$6.85.

Faraday Copper Trading Up 8.3%

Shares of TSE:FDY opened at C$5.76 on Thursday. The stock has a market capitalization of C$1.70 billion, a PE ratio of -38.40 and a beta of 1.84. The firm has a fifty day moving average price of C$5.67 and a 200 day moving average price of C$5.07. Faraday Copper has a 1 year low of C$1.21 and a 1 year high of C$6.69.

Faraday Copper (TSE:FDY) last released its earnings results on Friday, August 7th. The company reported C($0.05) EPS for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 36.55%.

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”.