Brokerages Set Falco Resources Ltd (FPC) Target Price at $0.75

Shares of Falco Resources Ltd (CVE:FPC) have been given an average recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$0.75.

FPC has been the topic of several analyst reports. Raymond James reduced their target price on Falco Resources from C$1.00 to C$0.70 in a report on Friday, January 18th. Canaccord Genuity lowered their target price on Falco Resources from C$1.20 to C$1.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Wood & Company reissued a “hold” rating and issued a C$0.40 price target on shares of Falco Resources in a research report on Monday, January 28th. Haywood Securities lowered Falco Resources from a “buy” rating to a “hold” rating and lowered their price target for the company from C$0.75 to C$0.40 in a research report on Monday, January 28th. Finally, National Bank Financial lowered their price target on Falco Resources from C$1.15 to C$1.10 and set an “outperform” rating for the company in a research report on Monday, January 14th.

Shares of CVE:FPC remained flat at $C$0.32 during midday trading on Monday. The stock had a trading volume of 27,500 shares, compared to its average volume of 177,209. The company has a market capitalization of $66.52 million and a PE ratio of -9.14. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.08 and a current ratio of 0.09. Falco Resources has a 52 week low of C$0.28 and a 52 week high of C$0.81.

Falco Resources (CVE:FPC) last announced its earnings results on Wednesday, February 13th. The company reported C($0.01) EPS for the quarter. Equities analysts forecast that Falco Resources will post -0.01 earnings per share for the current fiscal year.

Falco Resources Company Profile

Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. It explores for base and precious metals, such as gold, zinc, copper, and silver deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 67,000 hectares located in the Province of Québec.

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Analyst Recommendations for Falco Resources (CVE:FPC)

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