National Bank Financial Raises Falco Resources (FPC) Price Target to C$2.10

Falco Resources (CVE:FPC) had its price objective hoisted by National Bank Financial from C$2.00 to C$2.10 in a report issued on Tuesday morning. National Bank Financial currently has an outperform rating on the stock.

Separately, Beacon Securities upgraded shares of Falco Resources from a speculative buy rating to a buy rating in a research note on Thursday, October 19th.

Shares of Falco Resources (CVE FPC) opened at C$0.94 on Tuesday. Falco Resources has a 1-year low of C$0.80 and a 1-year high of C$1.65. The firm has a market cap of $177.62, a PE ratio of -18.80 and a beta of 0.17.

Falco Resources (CVE:FPC) last released its quarterly earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01).

In related news, Director Sean Roosen sold 45,000 shares of Falco Resources stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$0.88, for a total value of C$39,600.00. Also, Director Claude Ferron sold 30,000 shares of Falco Resources stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of C$0.99, for a total transaction of C$29,700.00. Insiders sold a total of 190,000 shares of company stock valued at $177,660 over the last quarter.

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Falco Resources Company Profile

Falco Resources Ltd., a junior resource exploration company, engages in acquiring and exploring mineral properties in Canada. It explores for base and precious metals, such as gold, silver, and copper deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 74,000 hectares located in the Province of Qu??bec.

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