Faraday Copper (TSE:FDY) Given New C$1.50 Price Target at TD Securities

Key Points

• TD Securities raised its price target for Faraday Copper from C$1.25 to C$1.50, suggesting a potential upside of 37.61% based on the previous close.
• The company's stock recently traded at C$1.09, up 0.9%, with a market cap of C$220.90 million and a price-to-earnings ratio of -10.74.
• Faraday Copper is focused on advancing its Copper Creek Project located in Arizona, which is a significant porphyry copper deposit.

Faraday Copper (TSE:FDY - Get Free Report) had its target price upped by analysts at TD Securities from C$1.25 to C$1.50 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 37.61% from the company's current price.

Faraday Copper Trading Down 1.8%

Shares of FDY traded down C$0.02 on Thursday, reaching C$1.09. 118,085 shares of the company's stock traded hands, compared to its average volume of 167,891. The stock has a market cap of C$220.90 million, a PE ratio of -10.74 and a beta of 1.62. The stock's 50 day simple moving average is C$0.96 and its two-hundred day simple moving average is C$0.85. Faraday Copper has a 52-week low of C$0.66 and a 52-week high of C$1.34.

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.