Faraday Copper (TSE:FDY) Releases Quarterly Earnings Results

Faraday Copper (TSE:FDY) announced its quarterly earnings data on Thursday. The company reported C$0.21 earnings per share for the quarter, FiscalAI reports. Faraday Copper had a negative return on equity of 67.57% and a negative net margin of 40,035.69%.

Faraday Copper Trading Up 3.5%

TSE:FDY traded up C$0.17 during trading hours on Thursday, hitting C$5.08. The stock had a trading volume of 1,293,007 shares, compared to its average volume of 866,771. The business has a 50 day simple moving average of C$3.61 and a two-hundred day simple moving average of C$2.50. Faraday Copper has a 1-year low of C$0.72 and a 1-year high of C$5.54. The company has a market cap of C$1.28 billion, a PE ratio of -39.08 and a beta of 2.04.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Ventum Financial upgraded Faraday Copper to a “strong-buy” rating in a research report on Tuesday, November 18th. TD Securities raised their price target on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$5.50.

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”.