Faraday Copper (TSE:FDY) Stock Price Expected to Rise, TD Securities Analyst Says

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 price objective upped by TD Securities from C$1.25 to C$1.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 37.61% from the company's previous close.

Faraday Copper Stock Up 0.9%

TSE FDY traded up C$0.01 during midday trading on Thursday, hitting C$1.09. The company had a trading volume of 303,357 shares, compared to its average volume of 167,816. The stock has a market cap of C$220.90 million, a price-to-earnings ratio of -10.74 and a beta of 1.62. The firm has a fifty day simple moving average of C$0.95 and a two-hundred day simple moving average of C$0.84. Faraday Copper has a fifty-two week low of C$0.66 and a fifty-two week high of C$1.34.

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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