Faraday Copper (FDY) AI Stock Analysis

• Market Cap: C$170.58M
• Dividend Yield: N/A
• Average Volume (3M): 119.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: -6.30%
• Country: CA
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Mining
• EPS (TTM): -0.11
• Shares Outstanding: 205,515,580
• 10 Day Avg. Volume: 102,083
• 30 Day Avg. Volume: 119,667
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -11.20
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.50
• Price Target Upside: 76.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Faraday Copper's overall score reflects significant financial challenges and bearish technical indicators. Despite promising drill results, the absence of revenue and negative cash flows weigh heavily on the stock's prospects. The negative P/E ratio and lack of dividends further underscore the valuation concerns.

Positive Factors

Exploration Success

Faraday's exploration success leads to the contemplation of a larger tonnage operation with improved metallurgy testwork.

Funding and Strategy

Faraday appears to remain well-funded to execute on its strategy.

Negative Factors

Project Challenges

Continued exploration success at Copper Creek is underpinned by an established open pit and underground resource.

Faraday Copper Business Overview & Revenue Model

Company Description

Faraday Copper (FDY) is a company engaged in the exploration, development, and potential production of copper resources. Operating within the mining and metals sector, Faraday Copper focuses on identifying and advancing copper projects that have the potential to become significant sources of this essential industrial metal.

How the Company Makes Money

Faraday Copper makes money primarily through the exploration and development of copper mining projects. The company invests in identifying copper-rich sites and works on developing these into operational mines. Revenue is generated through the sale of copper extracted from these sites. The company may also form strategic partnerships or joint ventures with other mining companies to leverage technology, expertise, and capital, enhancing its capacity to bring projects to production and market. Additionally, Faraday Copper may engage in activities such as selling or leasing exploration rights or properties to other companies in the mining industry.

Faraday Copper Financial Statement Overview

Summary

Faraday Copper faces financial challenges with consistent losses and negative operating metrics. While the balance sheet is strong with no debt, the lack of revenue and negative cash flows are concerning for future sustainability.

Income Statement

Faraday Copper has shown negative revenue growth due to its mining operations not yet yielding revenue. The company has experienced increasing net losses, which is a concern for profitability. Both EBIT and EBITDA margins are negative, reflecting ongoing operational challenges and high costs relative to revenue.

Balance Sheet

The company maintains a strong equity position with no total debt as of TTM, which indicates low leverage risk. The equity ratio is high, suggesting a stable financial structure. However, the lack of revenue generation is a concern for asset utilization and future financial flexibility.

Cash Flow

Faraday Copper has negative free cash flow, indicating a cash outflow greater than cash inflow from operations, although recent financing activities have improved cash reserves. The operating cash flow to net income ratio is negative, showcasing inability to cover operational expenses through cash flow.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
51.34K	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-146.87K	-134.82K	-55.63K	-90.35K	-101.38K	-66.36K
	EBIT
-21.69M	-21.46M	-8.28M	-5.54M	-1.05M	-1.41M
	EBITDA
-21.49M	-20.37M	-21.28M	-5.44M	-1.05M	-9.09M
	Net Income Common Stockholders
-20.55M	-20.50M	-8.08M	-5.48M	-1.06M	-9.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
153.40K	14.90M	9.54M	4.21M	36.41K	16.24K
	Total Assets
13.12M	36.59M	32.12M	11.23M	5.88M	5.65M
	Total Debt
136.42K	0.00	0.00	40.00K	502.26K	327.94K
	Net Debt
-16.98K	-14.90M	-9.54M	-4.17M	465.85K	311.70K
	Total Liabilities
774.32K	2.49M	3.16M	730.75K	957.73K	872.35K
	Stockholders Equity
12.34M	34.11M	28.96M	10.50M	4.92M	4.78M
Cash Flow		Free Cash Flow
-19.94M	-33.65M	-15.67M	-2.51M	-920.72K	-1.46M
	Operating Cash Flow
-18.61M	-18.99M	-2.99M	-1.40M	-681.98K	-1.08M
	Investing Cash Flow
-1.33M	-14.67M	-13.05M	-1.11M	-130.77K	-373.01K
	Financing Cash Flow
22.21M	39.51M	20.25M	6.68M	820.06K	1.26M

Faraday Copper Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FDY, the sentiment is Positive. The current price of 0.85 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.75, and above the 200-day MA of 0.80, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 60.40 is Neutral, neither overbought nor oversold. The STOCH value of 76.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FDY.

Faraday Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HBM	72 Outperform	$4.01B	36.39	3.30%	0.21%	42.67%	718.35%
LUN	70 Outperform	$10.90B	25.63	0.24%	3.01%	-2.71%	-188.94%
FM	61 Neutral	$14.39B	―	0.02%	―	-24.38%	99.06%
TECK.B	59 Neutral	$27.97B	88.17	1.26%	0.95%	-10.03%	-86.30%
CS	56 Neutral	$5.76B	51.72	2.90%	―	12.21%	―
Sector *	47 Neutral	$2.64B	-3.82	-29.05%	3.32%	2.72%	-29.50%
FDY	37 Underperform	C$170.58M	―	-50.45%	―	―	-6.30%

Faraday Copper Corporate Events

Faraday Copper Reports Promising Drill Results at Copper Creek

Faraday Copper Corp. has announced significant results from its Phase III drill program at the Copper Creek Project in Arizona, with promising findings in the American Eagle area. The new drill results indicate expanding near-surface copper mineralization, highlighting both high-grade breccias and porphyry-style veins. This development enhances the potential of the American Eagle area, potentially matching the current largest open pit resource, Mammoth, and suggests a low strip ratio which is favorable for mining efficiency.

Faraday Copper Expands Mineralization at Copper Creek Project

Faraday Copper Corp. announced positive results from its Phase III drill program at the Copper Creek Project in Arizona, with significant expansions of near-surface mineralization in the American Eagle and Prada breccias. These developments not only confirm high-grade copper zones but also showcase the exploration potential beyond the existing resource areas, potentially enhancing Faraday’s position in the market and benefitting stakeholders by increasing the projected copper yield.

Faraday Copper Unveils Promising Arizona Drill Results

Faraday Copper has announced promising drill results from its Copper Creek Project in Arizona, revealing significant near-surface mineralization in both the Rum and American Eagle areas. This development highlights the potential for extensive copper resources, enhancing the company’s exploration prospects in the region.

Faraday Copper Reports Strong Drilling and Financing

Faraday Copper has reported significant copper drill results at its Banjo and American Eagle sites while successfully raising $23 million through a stock offering. The company’s ongoing exploration and development efforts, including a new drilling program at the Copper Creek Project, are aimed at expanding their copper resource base.