Faraday Copper (TSE:FDY) Upgraded to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Faraday Copper (TSE:FDY) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

FDY has been the topic of several other reports. Ventum Financial raised shares of Faraday Copper to a “strong-buy” rating in a research note on Tuesday, May 19th. Raymond James Financial set a C$7.50 price objective on shares of Faraday Copper and gave the company an “outperform” rating in a report on Friday, June 5th. National Bank Financial raised their target price on shares of Faraday Copper from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Ventum Capital set a C$7.00 target price on Faraday Copper and gave the stock a “buy” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$6.85.

Faraday Copper Stock Performance

TSE FDY opened at C$5.98 on Monday. The business has a fifty day moving average price of C$5.67 and a 200 day moving average price of C$5.10. The company has a market cap of C$1.76 billion, a P/E ratio of -39.87 and a beta of 1.84. Faraday Copper has a one year low of C$1.21 and a one year high of C$6.69.

Faraday Copper (TSE:FDY) last announced its 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%.

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”.