Shares of Piedmont Lithium Inc. (NASDAQ:PLL – Get Free Report) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.69.
PLL has been the topic of a number of recent research reports. B. Riley dropped their target price on Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Macquarie reaffirmed a “neutral” rating and set a $9.30 price target on shares of Piedmont Lithium in a research note on Monday, August 12th. BMO Capital Markets decreased their price objective on shares of Piedmont Lithium from $15.00 to $8.50 and set a “market perform” rating on the stock in a report on Friday, September 6th. Finally, Roth Mkm reiterated a “buy” rating and set a $40.00 price target (down from $61.00) on shares of Piedmont Lithium in a research report on Friday, August 9th.
Read Our Latest Research Report on Piedmont Lithium
Institutional Trading of Piedmont Lithium
Piedmont Lithium Stock Down 2.2 %
PLL stock opened at $8.93 on Friday. Piedmont Lithium has a fifty-two week low of $6.57 and a fifty-two week high of $39.64. The company’s 50 day moving average price is $8.43 and its 200 day moving average price is $11.02. The firm has a market capitalization of $172.97 million, a price-to-earnings ratio of -4.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.32 and a current ratio of 2.32.
Piedmont Lithium (NASDAQ:PLL – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.53). The company had revenue of $13.23 million for the quarter, compared to analysts’ expectations of $14.89 million. During the same period in the previous year, the business posted ($0.55) earnings per share. On average, equities research analysts anticipate that Piedmont Lithium will post -2.26 EPS for the current fiscal year.
About Piedmont Lithium
Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.
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