Faraday Copper (TSE:FDY) Posts Quarterly Earnings Results

Faraday Copper (TSE:FDY) announced its quarterly earnings data 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 Stock Performance

Faraday Copper stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$4.30. The company’s stock had a trading volume of 355,977 shares, compared to its average volume of 855,115. The business’s 50 day simple moving average is C$4.90 and its 200 day simple moving average is C$4.99. Faraday Copper has a 12 month low of C$1.85 and a 12 month high of C$6.69. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of -28.67 and a beta of 1.44.

Analysts Set New Price Targets

Several equities research analysts have commented on FDY shares. National Bank Financial upped their target price on shares of Faraday Copper from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Monday, September 21st. TD lifted their price objective on Faraday Copper from C$5.50 to C$7.00 and gave the company a “buy” rating in a report on Monday, October 19th. Raymond James Financial increased their target price on 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. Finally, Jefferies Financial Group upgraded shares of Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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”.