Ventum Financial Upgrades Faraday Copper (TSE:FDY) to “Strong-Buy”

Faraday Copper (TSE:FDY) was upgraded by stock analysts at Ventum Financial to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on FDY. National Bank Financial raised their target price on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD Securities raised their target price on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Ventum Capital set a C$7.00 price objective on shares of Faraday Copper and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Faraday Copper presently has an average rating of “Buy” and an average target price of C$6.08.

Faraday Copper Stock Down 1.2%

FDY opened at C$5.57 on Tuesday. The firm has a 50-day simple moving average of C$4.72 and a two-hundred day simple moving average of C$3.54. The company has a market capitalization of C$1.63 billion, a PE ratio of -46.42 and a beta of 2.14. Faraday Copper has a 52 week low of C$0.73 and a 52 week high of C$6.06.

Faraday Copper (TSE:FDY) last announced 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 net margin of 40,035.69% and a negative return on equity of 39.74%.

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”.