Faraday Copper (TSE:FDY) Rating Increased to Strong-Buy at National Bank Financial

Key Points

• National Bank Financial upgraded Faraday Copper (TSE:FDY) to a "Strong-Buy", while TD Securities raised its price objective to C$5.50, leaving a MarketBeat consensus rating of Strong Buy with a C$5.50 target.
• FDY shares opened at C$3.75 with a market cap of C$948.3M and a one-year range of C$0.72–C$5.54; the company reported C$0.21 EPS for the quarter but still posts a negative return on equity and a deeply negative net margin.

Faraday Copper (TSE:FDY - Get Free Report) was upgraded by stock analysts at National Bank Financial to a "strong-buy" rating in a research note issued to investors on Sunday,Zacks.com reports.

Separately, TD Securities lifted their price objective on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and a consensus price target of C$5.50.

Faraday Copper Price Performance

Shares of FDY stock opened at C$3.75 on Friday. The stock has a market capitalization of C$948.30 million, a PE ratio of -31.25 and a beta of 2.04. Faraday Copper has a one year low of C$0.72 and a one year high of C$5.54. The business's 50 day simple moving average is C$3.84 and its 200 day simple moving average is C$2.67.

Faraday Copper (TSE:FDY - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported C$0.21 earnings per share for the quarter. Faraday Copper had a negative return on equity of 63.51% 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".

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