The Globe and Mail reports in its Tuesday, June 18, edition that BMO Capital analyst Rene Cartier, calling Faraday Copper "a U.S. copper growth opportunity," started coverage with an "outperform" ranking and $1 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.29. Mr. Cartier says in a note: "In our view, continued exploration success to further define the potential at Copper Creek is underpinned by an established open pit and underground resource at the project, which has been wrapped into a preliminary economic assessment. The Copper Creek project proximity advantages itself for the introduction of a strategic partner, project synergies or potential M&A."
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