Critical Metals (CRML) Projected to Announce Earnings on Wednesday

Critical Metals (NASDAQ:CRML) is expected to be announcing its resultson Wednesday, September 2nd. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $6.00 million for the quarter.

Critical Metals Price Performance

Shares of NASDAQ CRML opened at $7.21 on Tuesday. Critical Metals has a 12 month low of $5.11 and a 12 month high of $32.15. The stock has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $9.15.

Analysts Set New Price Targets

Several equities analysts recently commented on CRML shares. Freedom Capital downgraded shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald started coverage on shares of Critical Metals in a research note on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors and hedge funds have recently made changes to their positions in CRML. Price T Rowe Associates Inc. MD raised its stake in shares of Critical Metals by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,399 shares of the company’s stock worth $142,000 after purchasing an additional 4,139 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of Critical Metals in the third quarter valued at approximately $138,000. Invesco Ltd. purchased a new position in shares of Critical Metals during the fourth quarter valued at approximately $129,000. JPMorgan Chase & Co. boosted its position in shares of Critical Metals by 142.6% during the second quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock valued at $118,000 after buying an additional 19,418 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Critical Metals during the fourth quarter worth $89,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Critical Metals

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.