National Bank Thinks Falco Resources’ Stock is Going to Recover


The Materials sector company, Falco Resources (FPC), has received a rating update from a Wall Street analyst today. The company received a Buy rating from National Bank’s analyst Don DeMarco, with a C$1.10 price target.

According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 5.8% and a 63.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, OceanaGold Corporation, and SilverCrest Metals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Falco Resources with a C$1.10 average price target.

The company has a one-year high of C$1.13 and a one-year low of C$0.28. Currently, Falco Resources has an average volume of 200.7K.

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 Monday at C$0.40, close to its 52-week low of C$0.28.