Faraday Copper (TSE:FDY) Posts Earnings Results

Faraday Copper (TSE:FDY) issued its quarterly earnings data on Thursday. The company reported C$0.04 earnings per share (EPS) for the quarter, FiscalAI reports. Faraday Copper had a negative return on equity of 63.51% and a negative net margin of 40,035.69%.

Faraday Copper Stock Performance

Shares of TSE:FDY opened at C$4.81 on Friday. The company has a 50 day moving average of C$4.64 and a 200-day moving average of C$3.33. The firm has a market cap of C$1.34 billion, a P/E ratio of -40.08 and a beta of 2.14. Faraday Copper has a twelve month low of C$0.73 and a twelve month high of C$5.58.

Wall Street Analyst Weigh In

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

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”.