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

National Bank Financial set a C$5.50 price target on Faraday Copper (TSE:FDY) in a report released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, TD Securities upped their price objective on Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus price target of C$5.50.

Faraday Copper Trading Up 5.3%

FDY opened at C$4.00 on Monday. Faraday Copper has a 1-year low of C$0.72 and a 1-year high of C$5.54. The firm’s 50 day simple moving average is C$3.87 and its two-hundred day simple moving average is C$2.70. The company has a market capitalization of C$1.11 billion, a PE ratio of -33.33 and a beta of 2.04.

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”.