Desjardins Remains a Buy on Founders Advantage Capital

By Ryan Adsit

Founders Advantage Capital (TSXV: FCF), the Materials sector company, was revisited by a Wall Street analyst today. Desjardins’ analyst Gary Ho reiterates their Buy rating on the shares, with a C$4.50 price target.

According to TipRanks.com, Ho is ranked #2294 out of 4583 analysts.

Founders Advantage Capital has an analyst consensus of Strong Buy, with a price target consensus of C$4.38.

Based on Founders Advantage Capital’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$13.69 million and GAAP net loss of C$1.63 million. In comparison, last year the company earned revenue of C$-1,079,437 and had a GAAP net loss of C$4.02 million.

Founders Advantage Capital Corp. engages in the provision of investment services. The company was founded by Christopher Kayat, Amardeep Leekha and Harpeet Padda on October 1, 1998 and is headquartered in Toronto, Canada.,003XDD-E

The company’s shares closed last Friday at $2.85, close to its 52-week low of $2.60.