National Bank Financial Reiterates C$5.50 Price Target for Faraday Copper (TSE:FDY)

Key Points

• Analyst consensus and price target: National Bank Financial reiterated a C$5.50 price target and an "outperform" rating for Faraday Copper, TD Securities also raised its target to C$5.50 with a "buy" rating, and the average analyst rating is "Buy" with an implied upside of about 45.9% from the recent close.
• Recent market action: FDY traded at C$3.77 mid-day with volume of ~1.66M shares (vs. average ~929K), a market cap of C$953.4M, 50-/200-day moving averages of C$3.82/C$2.65, and a 1-year range of C$0.72–C$5.54.
• Company outlook and fundamentals: Faraday Copper is advancing the large Copper Creek project in Arizona and says it is well-funded, but recent results showed C$0.21 EPS for the quarter alongside a negative return on equity (‑63.51%) and an extremely negative net margin (‑40,035.69%).

Faraday Copper (TSE:FDY - Get Free Report) has been assigned a C$5.50 price target by stock analysts at National Bank Financial in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 45.89% from the company's previous close.

Separately, TD Securities raised their target price on Faraday Copper from C$3.50 to C$5.50 and gave the stock a "buy" rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$5.50.

Faraday Copper Price Performance

TSE:FDY traded up C$0.19 during mid-day trading on Monday, hitting C$3.77. The company's stock had a trading volume of 1,659,779 shares, compared to its average volume of 929,372. The business's fifty day moving average is C$3.82 and its two-hundred day moving average is C$2.65. The stock has a market cap of C$953.36 million, a price-to-earnings ratio of -31.42 and a beta of 2.04. Faraday Copper has a 1 year low of C$0.72 and a 1 year high of C$5.54.

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

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".

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