Faraday Copper (TSE:FDY) Hits New 12-Month High After Analyst Upgrade

Faraday Copper Corp. (TSE:FDY)’s share price reached a new 52-week high during 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 changing hands. The stock had previously closed at C$4.72.

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

Faraday Copper Trading Down 2.4%

The business’s fifty day moving average price is C$3.25 and its 200 day moving average price is C$2.29. The company has a market capitalization of C$1.33 billion, a P/E ratio of -40.46 and a beta of 1.02.

About Faraday Copper

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”.