Falco Resources (FPC) Price Target Raised to C$2.10

Falco Resources (CVE:FPC) had its target price boosted by stock analysts at National Bank Financial from C$2.00 to C$2.10 in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 118.75% from the stock’s previous close.

Separately, Beacon Securities upgraded Falco Resources from a “speculative buy” rating to a “buy” rating in a report on Thursday, October 19th.

Falco Resources (CVE:FPC) traded down C$0.03 on Tuesday, reaching C$0.96. The company’s stock had a trading volume of 86,945 shares, compared to its average volume of 176,473. The company has a market capitalization of $187.07, a P/E ratio of -19.20 and a beta of 0.17. Falco Resources has a twelve month low of C$0.80 and a twelve month high of C$1.65.

Falco Resources (CVE:FPC) last posted its quarterly earnings data on Monday, November 13th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.01).

In other news, Director Claude Ferron sold 30,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$0.99, for a total transaction of C$29,700.00. Also, Director Sean Roosen sold 45,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$0.88, for a total value of C$39,600.00. Insiders have sold 190,000 shares of company stock valued at $177,660 over the last 90 days.

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About Falco Resources

Falco Resources Ltd., a junior resource exploration company, engages in acquiring and exploring mineral properties in Canada. It explores for base and precious metals, such as gold, silver, and copper deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 74,000 hectares located in the Province of Qu??bec.

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