TD Securities Forecasts Strong Price Appreciation for Faraday Copper (TSE:FDY) Stock

Faraday Copper (TSE:FDY) had its target price upped by research analysts at TD Securities from C$3.50 to C$5.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 8.70% from the company’s previous close.

Separately, Ventum Financial raised Faraday Copper to a “strong-buy” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of C$5.50.

Faraday Copper Trading Up 7.2%

Shares of FDY traded up C$0.34 during mid-day trading on Wednesday, reaching C$5.06. The company’s stock had a trading volume of 3,071,723 shares, compared to its average volume of 765,908. Faraday Copper has a 1-year low of C$0.72 and a 1-year high of C$5.12. The business has a 50-day simple moving average of C$3.08 and a two-hundred day simple moving average of C$2.22. The stock has a market cap of C$1.28 billion, a P/E ratio of -38.92 and a beta of 1.02.

Faraday Copper Company Profile

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.