Faraday Copper (FDY) AI Stock Analysis

• Market Cap: C$788.99M
• Dividend Yield: N/A
• Average Volume (3M): 616.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: -10.32%
• Country: CA
• Employees: 17
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): -0.02
• Shares Outstanding: 252,880,080
• 10 Day Avg. Volume: 843,722
• 30 Day Avg. Volume: 616,833
• PEG Ratio: 0.00
• Price to Book (P/B): 3.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.14
• 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$3.50
• Price Target Upside: 12.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$3.00 ▼(-3.85% Downside)

The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). Technicals are supportive with a clear uptrend, but momentum looks stretched. Corporate events are a positive catalyst (project advancement and financing), while valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Low leverage

Faraday's near-zero leverage materially reduces financial risk and interest burden, preserving flexibility to allocate capital toward exploration and technical studies over a multi-year development timeline. A debt-free balance sheet supports optionality during prolonged project advancement.

Project advancement & approvals

Regulatory approvals, major drilling progress and fresh financing represent structural de‑risking: they enable progression to feasibility/permitting phases, reduce certain regulatory and funding barriers, and increase the probability of converting the copper project toward a developed mine.

Improving cash outflow trend

Moderation in free cash flow outflows indicates improving capital efficiency as project work becomes more focused. If sustained, lower negative cash flow extends runway and reduces near-term reliance on external equity, improving financing flexibility over the coming months.

Negative Factors

No revenue base

As a development-stage miner with zero revenue, Faraday lacks internal cash generation to fund operations or validate economics. This structural absence of operating income forces dependence on external capital until production, raising dilution and execution risk over the medium term.

Persistent cash burn

Sustained negative operating and free cash flow reflects ongoing spending to advance exploration and studies. Over months, persistent cash burn creates structural funding dependency, compresses strategic choices, and increases the likelihood of equity raises or project delays if market access tightens.

Negative returns on capital

A deeply negative ROE signals the company's asset base has not produced economic returns. Unless exploration converts into a viable, revenue-producing mine, continued negative returns could erode shareholder value and indicate structural challenges in translating capitalized investments into profitable operations.

Faraday Copper Business Overview & Revenue Model

Company Description

Faraday Copper Corp., an exploration stage company, engages in the acquisition and development of mineral properties in the United States. It holds a 100% interest in the Copper Creek project that covers an area of 16 square miles located in Pinal County, Arizona; and the Contact copper project consisting of 156 patented claims covering an area of approximately 2,650 acres and 219 unpatented claims covering an area of approximately 3,285 acres situated in Elko County, Nevada. The company was formerly known as CopperBank Resources Corp. and changed its name to Faraday Copper Corp. in April 2022. Faraday Copper Corp. was incorporated in 2014 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Faraday Copper makes money by exploring and developing copper mining projects, extracting copper ore from its mineral properties, and then selling the extracted copper in the form of concentrate or refined metal to industrial customers, such as manufacturers and construction companies. The company's revenue is largely dependent on copper market prices, production volume, and operational efficiency. Additionally, strategic partnerships with other mining firms or technology companies can enhance resource extraction and processing capabilities, thereby potentially impacting earnings positively.

Faraday Copper Financial Statement Overview

Summary

Development-stage profile with no revenue and widening net losses, plus continued operating and free-cash-flow burn. Offsetting positives are a debt-free balance sheet and a larger equity base, which improves financing flexibility but does not resolve execution and funding-runway risk.

Income Statement

The company is still pre-revenue (revenue is 0 across annual periods and TTM (Trailing-Twelve-Months)), with persistent and widening losses (TTM net loss of ~25.97M vs ~22.55M in 2024 and ~20.50M in 2023). Gross profit is negative and margins are effectively not meaningful given no revenue, which underscores that current results are dominated by exploration/development spending rather than operating profitability. The main strength is that losses appear consistent with a development-stage profile, but the key weakness is the lack of any visible revenue base and continuing deterioration in earnings.

Balance Sheet

The balance sheet is conservatively financed with essentially no debt (total debt is 0 in recent periods; minimal debt historically), which reduces financial risk and interest burden. Equity has increased meaningfully (about 36.3M in 2024 to ~65.7M in TTM (Trailing-Twelve-Months)), supporting asset growth (assets ~69.2M TTM). The primary weakness is that returns on equity are deeply negative (TTM ROE around -0.68), reflecting ongoing losses; while leverage is low, the business still needs to convert its asset base into an economic return.

Cash Flow

Cash generation remains negative, with operating cash flow at about -23.0M and free cash flow around -23.6M in TTM (Trailing-Twelve-Months), indicating continued cash burn to fund the project. Free cash flow improved versus 2023 (less negative than -33.7M) and showed positive growth in 2024 and TTM, which is a constructive sign of moderating outflows. However, cash needs are still substantial and, with no revenue, the company’s funding strategy likely depends on external capital rather than internally generated cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-265.73K	-210.40K	-135.00K	-55.63K	-90.35K	-101.00K
EBITDA	-26.53M	-23.19M	-20.36M	-21.28M	-5.44M	-1.05M
Net Income	-25.97M	-22.55M	-20.50M	-21.33M	-5.48M	-1.06M
Balance Sheet
Total Assets	69.15M	40.58M	36.59M	32.12M	11.23M	5.88M
Cash, Cash Equivalents and Short-Term Investments	45.88M	17.00M	14.90M	9.54M	4.21M	36.41K
Total Debt	0.00	0.00	0.00	0.00	40.00K	502.26K
Total Liabilities	3.49M	4.31M	2.49M	3.16M	730.75K	957.73K
Stockholders Equity	65.66M	36.26M	34.11M	28.96M	10.50M	4.92M
Cash Flow
Free Cash Flow	-23.64M	-20.06M	-33.65M	-15.67M	-2.51M	-920.72K
Operating Cash Flow	-23.02M	-19.56M	-18.99M	-2.99M	-1.40M	-681.98K
Investing Cash Flow	-618.57K	-501.18K	-14.67M	-13.05M	-1.11M	-130.77K
Financing Cash Flow	47.49M	22.18M	39.51M	20.25M	6.68M	820.06K

Faraday Copper Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 3.12 is above the 20-day moving average (MA) of 3.05, above the 50-day MA of 2.61, and above the 200-day MA of 1.60, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 57.79 is Neutral, neither overbought nor oversold. The STOCH value of 56.93 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
III	74 Outperform	C$2.09B	11.60	20.90%	―	45.15%	449.29%
ARG	72 Outperform	C$925.16M	33.65	18.67%	4.11%	10.41%	-0.23%
ASCU	62 Neutral	C$1.20B	-98.81	-6.09%	―	―	22.26%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FDY	54 Neutral	C$788.99M	-27.18	-48.15%	―	―	-10.32%
LA	52 Neutral	C$508.02M	-115.87	4.21%	―	―	-41.70%
CUU	39 Underperform	C$401.33M	-616.67	-0.82%	―	―	36.84%

Faraday Copper Corporate Events

Faraday Copper Expands Near-Surface Mineralization at Copper Creek’s American Eagle Zone

Faraday Copper reported encouraging initial results from the first eight holes of its Phase IV drill program at the Copper Creek Project in Arizona, with five holes in the American Eagle area intersecting near-surface copper mineralization above open-pit cutoff grades. Key intercepts, including multiple intervals in hole FCD-25-134 totaling 177 metres above 0.30% copper and a 56-metre interval grading 0.41% copper in hole FCD-25-129, expand the known Winchester and Banjo breccias closer to surface and support the potential for a substantial open-pit resource above the existing underground resource. The Phase IV campaign, currently using three drill rigs, is designed to increase resource confidence, add open-pit mineable inventory, and collect geotechnical and hydrogeological data, reinforcing rock competency suitable for efficient open-pit mining and positioning Copper Creek for future technical studies and potential economic optimization.

The most recent analyst rating on (TSE:FDY) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Faraday Copper stock, see the TSE:FDY Stock Forecast page.

Faraday Copper Advances Copper Creek Project with Major Drilling and Financing

Faraday Copper Corp. reported its financial results for the third quarter of 2025, highlighting significant advancements in its Copper Creek Project. The company initiated its largest drill program to date, received regulatory approval for exploration, and secured substantial financing to support its operations. These developments are expected to enhance Faraday’s resource base and strengthen its position in the copper market, potentially offering promising returns for stakeholders.

The most recent analyst rating on (TSE:FDY) stock is a Buy with a C$1.40 price target. To see the full list of analyst forecasts on Faraday Copper stock, see the TSE:FDY Stock Forecast page.