Faraday Copper (TSE:FDY) Hits New 1-Year High Following Analyst Upgrade

Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during mid-day trading on Thursday after TD Securities raised their price target on the stock from C$3.50 to C$5.50. TD Securities currently has a buy rating on the stock. Faraday Copper traded as high as C$5.12 and last traded at C$5.05, with a volume of 4241891 shares traded. The stock had previously closed at C$4.72.

Separately, Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$5.50.

Faraday Copper Stock Performance

The firm’s fifty day moving average is C$3.13 and its 200-day moving average is C$2.23. The company has a market capitalization of C$1.28 billion, a P/E ratio of -38.85 and a beta of 1.02.

Faraday Copper Company Profile

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.