Faraday Copper (TSE:FDY) Announces Quarterly Earnings Results

Faraday Copper (TSE:FDY) issued its earnings results on Friday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. Faraday Copper had a negative return on equity of 39.74% and a negative net margin of 40,035.69%.

Faraday Copper Price Performance

Shares of Faraday Copper stock traded up C$0.19 on Friday, reaching C$6.18. The company had a trading volume of 546,971 shares, compared to its average volume of 838,778. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of -51.50 and a beta of 1.84. The firm’s 50-day moving average price is C$5.72 and its two-hundred day moving average price is C$4.89. Faraday Copper has a 1 year low of C$1.10 and a 1 year high of C$6.69.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FDY. National Bank Financial boosted their price objective on Faraday Copper from C$5.75 to C$7.25 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Raymond James Financial set a C$7.50 target price on Faraday Copper and gave the stock an “outperform” rating in a research report on Friday, June 5th. Ventum Capital set a C$7.00 target price on Faraday Copper and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, Ventum Financial upgraded Faraday Copper to a “strong-buy” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$6.81.

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”.