Faraday Copper (TSE:FDY) Issues Earnings Results

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

Faraday Copper Stock Up 9.8%

TSE:FDY opened at C$5.28 on Friday. Faraday Copper has a 52 week low of C$0.73 and a 52 week high of C$5.58. The firm has a 50 day moving average of C$4.64 and a 200 day moving average of C$3.33. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -44.00 and a beta of 2.14.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FDY. TD Securities increased their price objective on shares of 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 objective on shares of Faraday Copper from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$5.63.

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”.