Faraday Copper (TSE:FDY – Get Free Report) issued its quarterly earnings results 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 Trading Down 0.5%
Faraday Copper stock opened at C$4.30 on Thursday. The firm’s 50 day simple moving average is C$4.88 and its 200 day simple moving average is C$5.00. The firm has a market capitalization of C$1.27 billion, a PE ratio of -28.67 and a beta of 1.44. Faraday Copper has a 1-year low of C$1.85 and a 1-year high of C$6.69.
Analyst Ratings Changes
FDY has been the subject of several research reports. Jefferies Financial Group raised Faraday Copper to a “strong-buy” rating in a report on Monday, August 24th. TD upped their target price on Faraday Copper from C$5.50 to C$7.00 and gave the stock a “buy” rating in a report on Monday, October 19th. National Bank Financial raised their price target on shares of Faraday Copper from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Monday, September 21st. Finally, Raymond James Financial increased their price target on Faraday Copper from C$8.50 to C$9.25 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$7.21.
Read Our Latest Stock Report on FDY
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”.
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