Faraday Copper (TSE:FDY) Hits New 52-Week High - Time to Buy?

Key Points

• Faraday Copper Corp. reached a new 52-week high trading at C$1.37 during mid-day trading, with an increase in trading volume.
• TD Securities upgraded the stock's price target from C$1.25 to C$1.50 and rated it as a "buy," contributing to its positive market consensus.
• The company's market capitalization is approximately C$271.56 million, with a negative price-to-earnings ratio of -13.21, indicating ongoing challenges in profitability.

Faraday Copper Corp. (TSE:FDY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.37 and last traded at C$1.33, with a volume of 766672 shares trading hands. The stock had previously closed at C$1.28.

Analyst Upgrades and Downgrades

Separately, TD Securities boosted their price objective 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$1.50.

Faraday Copper Stock Performance

The stock has a market capitalization of C$271.56 million, a price-to-earnings ratio of -13.21 and a beta of 1.62. The company's 50 day moving average is C$1.08 and its 200 day moving average is C$0.90.

About Faraday Copper

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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