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Founders Metals (CVE:FDR) Stock Rating Upgraded by National Bank Financial

Key Points

  • Founders Metals was upgraded to a "strong-buy" rating by National Bank Financial, indicating strong confidence in the stock's performance.
  • The company has a target price of C$6.00, reflecting analysts' positive outlook, with an average rating of "Strong Buy" among investment analysts.
  • Shares of Founders Metals have recently opened at C$4.10, showing significant gains with a 12-month high of C$6.25.
  • Five stocks we like better than Founders Metals.

National Bank Financial upgraded shares of Founders Metals (CVE:FDR - Free Report) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Separately, National Bankshares set a C$6.00 target price on Founders Metals and gave the company an "outperform" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus target price of C$6.00.

Check Out Our Latest Research Report on FDR

Founders Metals Stock Down 1.5%

CVE FDR traded down C$0.06 during trading on Thursday, hitting C$4.06. The stock had a trading volume of 258,876 shares, compared to its average volume of 193,821. The company has a market capitalization of C$414.01 million, a PE ratio of -67.67 and a beta of 0.57. The firm has a 50 day moving average price of C$3.49 and a 200 day moving average price of C$4.41. Founders Metals has a twelve month low of C$2.20 and a twelve month high of C$6.25.

Further Reading

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