National Bank Financial Boosts Faraday Copper (TSE:FDY) Price Target to C$5.75

Faraday Copper (TSE:FDY) had its price target upped by equities researchers at National Bank Financial from C$5.50 to C$5.75 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 14.09% from the company’s previous close.

Separately, TD Securities upped their target price on shares of Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, Faraday Copper has a consensus rating of “Buy” and an average target price of C$5.63.

Faraday Copper Price Performance

FDY stock opened at C$5.04 on Wednesday. The company has a 50 day moving average price of C$4.27 and a 200 day moving average price of C$3.02. Faraday Copper has a fifty-two week low of C$0.73 and a fifty-two week high of C$5.54. The stock has a market capitalization of C$1.40 billion, a PE ratio of -42.00 and a beta of 2.15.

Faraday Copper (TSE:FDY) last released its earnings results 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”.