Faraday Copper (TSE:FDY) Issues Quarterly Earnings Results

Faraday Copper (TSE:FDY) posted its quarterly earnings data on Thursday. The company reported C$0.02 earnings per share for the quarter, FiscalAI reports. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 54.03%.

Faraday Copper Price Performance

TSE:FDY opened at C$2.08 on Friday. The company’s 50-day moving average is C$1.77 and its two-hundred day moving average is C$1.27. Faraday Copper has a 1-year low of C$0.66 and a 1-year high of C$2.34. The firm has a market capitalization of C$521.14 million, a price-to-earnings ratio of -17.33 and a beta of 1.49.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their target price on Faraday Copper from C$1.25 to C$1.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$1.50.

About Faraday Copper

Faraday Copper Corp. is a Canada-based exploration company. The Company is focused on advancing its flagship copper project in Arizona, United States. The Company’s projects include Copper Creek Project and Contact Copper Project. The Copper Creek Project is a three-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona.