Faraday Copper (TSE:FDY) Announces Earnings Results

Faraday Copper (TSE:FDY) released 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 Stock Up 3.2%

Shares of TSE:FDY traded up C$0.19 during trading on Friday, hitting C$6.18. 546,971 shares of the stock traded hands, compared to its average volume of 838,778. The company has a fifty day moving average price of C$5.72 and a two-hundred day moving average price of C$4.90. Faraday Copper has a 52-week low of C$1.10 and a 52-week high of C$6.69. The company has a market cap of C$1.81 billion, a price-to-earnings ratio of -51.50 and a beta of 1.84.

Analyst Upgrades and Downgrades

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