Faraday Copper Corp. (TSE:FDY) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on Faraday Copper, with five buy ratings and one strong-buy rating. The average 12-month price target is C$6.85, above the latest trading price.
• Faraday Copper shares fell 1.7% to C$5.34, with the stock trading between a one-year range of C$1.21 and C$6.69. The company has a market capitalization of approximately C$1.57 billion.
• The copper exploration company reported a quarterly loss of C$0.05 per share and continues developing its flagship Copper Creek Project in Arizona, described as one of North America’s largest undeveloped copper projects.

Faraday Copper Corp. (TSE:FDY - Get Free Report) has received a consensus recommendation of "Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$6.85.

Several equities analysts have recently weighed in on the company. National Bank Financial raised their price target on Faraday Copper from C$5.75 to C$7.25 and gave the company an "outperform" rating in a 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. Ventum Financial upgraded shares of Faraday Copper to a "strong-buy" rating in a research note on Tuesday, May 19th. Raymond James Financial set a C$7.50 price objective on shares of Faraday Copper and gave the company an "outperform" rating in a report on Friday, June 5th. Finally, Jefferies Financial Group set a C$7.00 price objective on shares of Faraday Copper and gave the company a "buy" rating in a research report on Thursday.

Faraday Copper Trading Down 1.7%

FDY traded down C$0.09 during trading on Thursday, reaching C$5.34. The stock had a trading volume of 502,207 shares, compared to its average volume of 818,930. The stock's 50 day moving average is C$5.68 and its two-hundred day moving average is C$5.05. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of -35.60 and a beta of 1.84. Faraday Copper has a one year low of C$1.21 and a one year high of C$6.69.

Faraday Copper (TSE:FDY - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported C($0.05) 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 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".

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source