Faraday Copper (TSE:FDY) Given a C$7.50 Price Target by Raymond James Financial Analysts

Raymond James Financial set a C$7.50 price target on Faraday Copper (TSE:FDY) in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. Ventum Capital set a C$7.00 price objective on Faraday Copper and gave the company a “buy” rating in a report on Tuesday, May 19th. Ventum Financial upgraded Faraday Copper to a “strong-buy” rating in a report on Tuesday, May 19th. TD Securities lifted their price objective on Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, National Bank Financial lifted their price objective on Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, Faraday Copper presently has an average rating of “Buy” and a consensus price target of C$6.44.

Faraday Copper Trading Down 14.4%

Faraday Copper stock opened at C$5.45 on Friday. The firm has a market capitalization of C$1.59 billion, a P/E ratio of -45.42 and a beta of 1.76. Faraday Copper has a 1 year low of C$0.77 and a 1 year high of C$6.69. The business has a 50-day moving average of C$5.16 and a 200-day moving average of C$3.88.

Faraday Copper (TSE:FDY) last posted its earnings results on Thursday, May 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 39.74% 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”.