Ventum Financial Upgrades Faraday Copper (TSE:FDY) to “Strong-Buy”

Faraday Copper (TSE:FDY) was upgraded by Ventum Financial to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Ventum Capital set a C$7.00 price target on shares of Faraday Copper and gave the stock a “buy” rating in a report on Tuesday. National Bank Financial lifted their price target on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, TD Securities upped their price target on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.08.

Faraday Copper Stock Performance

Shares of Faraday Copper stock opened at C$5.57 on Tuesday. The firm has a fifty day moving average of C$4.72 and a two-hundred day moving average of C$3.54. The company has a market cap of C$1.63 billion, a P/E ratio of -46.42 and a beta of 2.14. Faraday Copper has a one year low of C$0.73 and a one year high of C$6.06.

Faraday Copper (TSE:FDY) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.04 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 39.74%.

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”.