FINWIRES · TerminalLIVE
FINWIRES

Faraday Copper Initiated at Outperform, $7.50 Price Target at Raymond James

By

Faraday Copper Corp. (FDY.TO) was rated Outperform with a price target of $7.50 in new coverage at Raymond James.

Analyst Danial Magder said the Vancouver-based mining company is advancing the Copper Creek Project in Arizona, which hosts 4.2 billion pounds of contained copper.

"Supported by ongoing exploration success, a strengthened balance sheet following a ~$100 Million financing, and the potential district-scale consolidation of San Manuel, Faraday is well positioned to benefit from growing demand for secure US copper supply," Magder said in a note to clients.

Related Articles

Research

HSBC Upgrades Hyatt Hotels to Buy From Hold, $212 Price Target

Hyatt Hotels (H) has an average rating of overweight and mean price target of $193.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $188.43, Change: $+2.51, Percent Change: +1.35%

$H
Research

Macquarie Downgrades Broadcom to Neutral From Outperform, Adjusts PT to $437 From $513

Macquarie Downgrades Broadcom to Neutral From Outperform, Adjusts PT to $437 From $513

$AVGO
Research

Koryx Copper Maintained at Buy at Stifel Canada Following Haib Copper Project Update; Price Target Kept at C$4.50

Stifel Canada on Thursday maintained its buy rating on the shares of Koryx Copper (KRY.V) and its C$4.50 price target after the company released an update on work at its Haib Copper Project in Namibia."Recent metallurgical optimization work continues to improve the Haib development case ahead of the planned 4Q26 PFS. Ore sorting and coarse particle flotation test work supports higher feed grades, increased throughput and a simplified flowsheet, which will likely result in a value-accretive PFS by year-end 2026. These initiatives support our view that Haib has the potential to produce ~120ktpa copper production during the first 10 years and have a mine life exceeding 30 years. Koryx currently trades at 0.25x spot P/NAV vs peers at 0.31x," analyst Cole McGill wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $3.42, Change: $+0.04, Percent Change: +1.18%

$KRY.V