Faraday Copper (TSE:FDY) Sets New 52-Week High - What's Next?

Key Points

• Faraday Copper's stock reached a new 52-week high of C$1.45, with a trading volume of 498,835 shares on Friday.
• TD Securities raised their price target for Faraday Copper from C$1.25 to C$1.50, maintaining a "buy" rating.
• The company has a market capitalization of C$358.29 million and is focused on advancing its Copper Creek and Contact Copper projects in Arizona.

Faraday Copper Corp. (TSE:FDY - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$1.45 and last traded at C$1.45, with a volume of 498835 shares. The stock had previously closed at C$1.36.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective on 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, Based on data from MarketBeat.com, Faraday Copper currently has an average rating of "Buy" and an average target price of C$1.50.

Faraday Copper Stock Up 5.1%

The company has a market capitalization of C$358.29 million, a PE ratio of -11.92 and a beta of 1.46. The firm has a 50-day moving average of C$1.24 and a two-hundred day moving average of C$0.97.

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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