TD Issues Positive Forecast for Faraday Copper (TSE:FDY) Stock Price

Faraday Copper (TSE:FDY) had its price objective boosted by stock analysts at TD from C$5.50 to C$7.00 in a report issued on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 47.37% from the company’s previous close.

A number of other analysts have also recently commented on FDY. National Bank Financial lifted their target price on shares of Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$6.92.

Faraday Copper Stock Performance

FDY traded up C$0.03 during trading on Monday, hitting C$4.75. The stock had a trading volume of 719,872 shares, compared to its average volume of 817,474. The stock has a 50 day simple moving average of C$5.37 and a two-hundred day simple moving average of C$5.42. Faraday Copper has a twelve month low of C$1.80 and a twelve month high of C$6.69. The company has a market capitalization of C$1.40 billion, a PE ratio of -31.67 and a beta of 1.67.

Faraday Copper (TSE:FDY) last issued its quarterly earnings results on Friday, August 7th. The company reported C($0.05) earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 36.55% and a negative net margin of 40,035.69%.

About Faraday Copper

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”.