Faraday Copper Corp. (TSE:FDY) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts are broadly bullish: Six brokerages rate Faraday Copper “Buy” or “Strong Buy,” with an average 12-month price target of C$6.85 versus the stock’s C$5.15 opening price.
• Recent target increases include National Bank Financial’s move to C$7.25 and Raymond James’ C$7.50 objective, while multiple firms upgraded the stock to “Strong Buy.”
• Faraday Copper remains an exploration-stage company focused on its Arizona Copper Creek project; its latest quarter showed a loss of C$0.05 per share and a negative net margin.

Shares of Faraday Copper Corp. (TSE:FDY - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$6.85.

A number of research firms recently commented on FDY. Ventum Capital set a C$7.00 target price on Faraday Copper and gave the company a "buy" rating in a report on Tuesday, May 19th. Jefferies Financial Group upgraded shares of Faraday Copper to a "strong-buy" rating in a report on Monday, August 24th. National Bank Financial boosted their price target on shares of 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. Raymond James Financial set a C$7.50 price objective on shares of Faraday Copper and gave the company an "outperform" rating in a research note on Friday, June 5th. Finally, Ventum Financial raised shares of Faraday Copper to a "strong-buy" rating in a research note on Tuesday, May 19th.

Faraday Copper Stock Performance

FDY stock opened at C$5.15 on Monday. The company has a market capitalization of C$1.52 billion, a P/E ratio of -34.33 and a beta of 1.65. Faraday Copper has a 52-week low of C$1.21 and a 52-week high of C$6.69. The company has a fifty day moving average price of C$5.56 and a 200-day moving average price of C$5.30.

Faraday Copper (TSE:FDY - Get Free Report) last released its quarterly 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%.

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".

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.