Shares of Piedmont Lithium Inc. (NASDAQ:PLL – Get Free Report) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.47.
Several research firms have issued reports on PLL. JPMorgan Chase & Co. restated an “underweight” rating and set a $8.00 price objective (down from $9.00) on shares of Piedmont Lithium in a report on Monday, October 21st. Roth Mkm reissued a “buy” rating and set a $40.00 price objective (down from $61.00) on shares of Piedmont Lithium in a report on Friday, August 9th. Macquarie lowered shares of Piedmont Lithium from a “neutral” rating to an “underperform” rating and set a $7.80 target price on the stock. in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price target on shares of Piedmont Lithium from $15.00 to $8.50 and set a “market perform” rating on the stock in a research report on Friday, September 6th. Finally, B. Riley cut their price objective on Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.
Check Out Our Latest Report on Piedmont Lithium
Hedge Funds Weigh In On Piedmont Lithium
Piedmont Lithium Stock Down 5.2 %
Shares of Piedmont Lithium stock opened at $11.79 on Wednesday. The company has a fifty day moving average price of $9.57 and a 200 day moving average price of $10.95. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. Piedmont Lithium has a twelve month low of $6.57 and a twelve month high of $31.82. The stock has a market cap of $229.08 million, a price-to-earnings ratio of -5.78 and a beta of 0.81.
Piedmont Lithium (NASDAQ:PLL – Get Free Report) last released 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 business had revenue of $13.23 million during the quarter, compared to analysts’ expectations of $14.89 million. During the same period in the previous year, the company posted ($0.55) EPS. Equities research analysts forecast that Piedmont Lithium will post -2.47 earnings per share 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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