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

Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$5.71 and last traded at C$5.62, with a volume of 1149171 shares traded. The stock had previously closed at C$5.35.

Wall Street Analyst Weigh In

FDY has been the subject of several recent analyst reports. National Bank Financial raised their target price on shares of Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD Securities increased their price objective on Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$5.63.

Faraday Copper Price Performance

The business’s fifty day moving average price is C$4.65 and its two-hundred day moving average price is C$3.38. The stock has a market capitalization of C$1.58 billion, a PE ratio of -47.33 and a beta of 2.14.

Faraday Copper (TSE:FDY) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.04 EPS for the quarter. Faraday Copper had a negative return on equity of 39.74% and a negative net margin of 40,035.69%.

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”.