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

Faraday Copper (TSE:FDY) had its target price lifted by analysts at TD Securities from C$3.50 to C$5.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 2.04% from the company’s previous close.

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

Faraday Copper Trading Up 6.7%

FDY opened at C$5.39 on Wednesday. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of -41.46 and a beta of 1.02. Faraday Copper has a 12 month low of C$0.72 and a 12 month high of C$5.40. The stock has a fifty day moving average price of C$3.19 and a 200-day moving average price of C$2.26.

About Faraday Copper

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”.