Faraday Copper (TSE:FDY) Posts Earnings Results

Faraday Copper (TSE:FDY) announced its quarterly earnings results on Thursday. The company reported C$0.21 EPS for the quarter, reports. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 67.57%.

Faraday Copper Trading Down 8.5%

Faraday Copper stock opened at C$4.65 on Friday. Faraday Copper has a 12-month low of C$0.72 and a 12-month high of C$5.54. The firm has a 50-day moving average price of C$3.69 and a 200-day moving average price of C$2.54. The firm has a market capitalization of C$1.18 billion, a PE ratio of -35.77 and a beta of 2.04.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FDY. Ventum Financial upgraded Faraday Copper to a “strong-buy” rating in a research report on Tuesday, November 18th. TD Securities lifted their target price on Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of C$5.50.

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”.