Faraday Copper (TSE:FDY) Hits New 12-Month High – Time to Buy?

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.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. National Bank Financial boosted their target price on shares of Faraday Copper from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD Securities raised their target price on Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$5.63.

Faraday Copper Price Performance

The business has a fifty day simple moving average of C$4.68 and a 200 day simple moving average of C$3.46. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of -49.92 and a beta of 2.14.

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

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”.