TD Securities Forecasts Strong Price Appreciation for Faraday Copper (TSE:FDY) Stock

Faraday Copper (TSE:FDY) had its price target lifted by research analysts at TD Securities from C$1.25 to C$1.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 37.61% from the stock’s previous close.

Faraday Copper Trading Down 1.8%

FDY stock opened at C$1.09 on Thursday. Faraday Copper has a twelve month low of C$0.66 and a twelve month high of C$1.34. The company has a market capitalization of C$220.90 million, a P/E ratio of -10.74 and a beta of 1.62. The firm has a 50 day simple moving average of C$0.96 and a 200-day simple moving average of C$0.85.

Faraday Copper Company Profile

Faraday Copper Corp. is a Canada-based exploration company. The Company is focused on advancing its flagship copper project in Arizona, United States. The Company’s projects include Copper Creek Project and Contact Copper Project. The Copper Creek Project is a three-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona.