Faraday Copper (TSE:FDY) Hits New 52-Week High - Still a Buy?

Key Points

• Faraday Copper reached a new 52-week high of C$1.42, closing at C$1.40 with over 277,000 shares traded, indicating strong investor interest.
• TD Securities recently increased their price target for Faraday Copper from C$1.25 to C$1.50 and maintained a "buy" rating, reflecting positive analyst sentiment.
• Faraday Copper is primarily focused on its flagship Copper Creek Project in Arizona, which is a significant copper deposit located northeast of Tucson.

Faraday Copper Corp. (TSE:FDY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$1.42 and last traded at C$1.40, with a volume of 277178 shares trading hands. The stock had previously closed at C$1.40.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price target on shares of Faraday Copper from C$1.25 to C$1.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Faraday Copper has a consensus rating of "Buy" and a consensus target price of C$1.50.

Faraday Copper Price Performance

The firm has a market cap of C$350.77 million, a price-to-earnings ratio of -11.67 and a beta of 1.46. The business's fifty day moving average is C$1.19 and its two-hundred day moving average is C$0.94.

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.

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