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