Brokers Set Expectations for Faraday Copper Corp.’s FY2024 Earnings (TSE:FDY)

Faraday Copper Corp. (TSE:FDY) – Equities researchers at Ventum Cap Mkts issued their FY2024 earnings estimates for Faraday Copper in a research note issued to investors on Wednesday, October 9th. Ventum Cap Mkts analyst C. Mackay expects that the company will post earnings of ($0.09) per share for the year. Ventum Cap Mkts also issued estimates for Faraday Copper’s FY2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.07) EPS.

Separately, BMO Capital Markets set a C$1.00 price objective on shares of Faraday Copper and gave the stock an “outperform” rating in a research note on Monday, June 17th.

Faraday Copper Stock Performance

FDY opened at C$0.89 on Friday. The stock has a fifty day moving average of C$0.80 and a 200-day moving average of C$0.77. The company has a market capitalization of C$182.75 million, a P/E ratio of -8.90 and a beta of 1.62. Faraday Copper has a fifty-two week low of C$0.47 and a fifty-two week high of C$0.90.

Faraday Copper (TSE:FDY) last announced its earnings results on Thursday, August 1st. The company reported C($0.03) EPS for the quarter.

About Faraday Copper

Faraday Copper Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. The company holds a 100% interest in the Copper Creek project comprising private land, patented and un-patented mining claims, and state prospecting permits that covers an area of approximately 65 square kilometers located in Pinal County, Arizona.