The Globe and Mail reports in its Wednesday, Feb. 25, edition that TD Cowen analyst Derick Ma resumed coverage of Faraday Copper with a "buy" recommendation and $5.50 share target, up from $3.50. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $5.25. Mr. Ma jacked his share target up in response to Faraday Copper's Feb. 20 announcement of a non-binding letter of intent with BHP to acquire its San Manuel property, which is located next to its Copper Creek project in Arizona, in exchange for 30 per cent of its issued and outstanding common shares. Mr. Ma says in a note, "The proposed transaction opens up a broad range of potential development scenarios for the expanded asset base, which will likely result in enhanced scale and capital efficiency." The Globe reported on June 18 that BMO Capital analyst Rene Cartier, calling Faraday Copper "a U.S. copper growth opportunity," started coverage with an "outperform" ranking. The shares could then be had for 80 cents. The Globe reported on April 30 that Mr. Ma began coverage on Faraday Copper with a "buy" recommendation. The shares could then be had for 89 cents.