Faraday Copper (TSE:FDY) Announces Quarterly Earnings Results

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

Faraday Copper Stock Up 3.2%

TSE:FDY opened at C$6.18 on Friday. The business’s 50-day simple moving average is C$5.72 and its two-hundred day simple moving average is C$4.90. The stock has a market cap of C$1.81 billion, a PE ratio of -51.50 and a beta of 1.84. Faraday Copper has a 52 week low of C$1.10 and a 52 week high of C$6.69.

Analyst Ratings Changes

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