Faraday Copper (TSE:FDY) Releases Quarterly Earnings Results

Faraday Copper (TSE:FDY) issued its quarterly earnings results on Wednesday. The company reported C($0.03) EPS for the quarter, FiscalAI reports. Faraday Copper had a negative return on equity of 36.55% and a negative net margin of 40,035.69%.

Faraday Copper Trading Down 6.0%

Shares of TSE:FDY opened at C$4.04 on Friday. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of -26.93 and a beta of 1.44. The stock’s 50-day moving average price is C$4.86 and its two-hundred day moving average price is C$5.00. Faraday Copper has a 12-month low of C$1.85 and a 12-month high of C$6.69.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Faraday Copper to a “strong-buy” rating in a research note on Monday, August 24th. Raymond James Financial lifted their target price on shares of Faraday Copper from C$8.50 to C$9.25 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. National Bank Financial boosted their price target on Faraday Copper from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Monday, September 21st. Finally, TD increased their price target on Faraday Copper from C$5.50 to C$7.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$7.21.

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”.