National Bank Downgrades Falco Resources (FPC) to Hold


Falco Resources (FPC) has received a rating update from a Wall Street analyst today. National Bank’s analyst Don DeMarco downgraded FPC to Hold , with a C$0.50 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 14.0% and a 76.4% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

Currently, the analyst consensus on Falco Resources is a Moderate Buy with an average price target of C$0.53.

The company has a one-year high of C$0.96 and a one-year low of C$0.28. Currently, Falco Resources has an average volume of 188.8K.

Falco Resources Ltd. is a junior resource exploration company, which engages in the exploration, acquisition, and evaluation of mineral properties. It focuses in the operation of Horne project in Rouyn-Noranda, Lac Laynes property, Newbec central camp, and Tromac eastern camp.

The company’s shares closed on Tuesday at C$0.34, close to its 52-week low of C$0.28.