Faraday Copper (TSE:FDY) Price Target Raised to C$5.50 at TD Securities

Faraday Copper (TSE:FDY) had its price objective boosted by TD Securities from C$3.50 to C$5.50 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Ventum Financial raised 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 given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$5.50.

Faraday Copper Trading Up 7.0%

TSE:FDY opened at C$5.05 on Wednesday. The company has a market capitalization of C$1.28 billion, a P/E ratio of -38.85 and a beta of 1.02. The firm has a 50-day moving average price of C$3.13 and a two-hundred day moving average price of C$2.23. Faraday Copper has a twelve month low of C$0.72 and a twelve month high of C$5.12.

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”.