Critical Metals (NASDAQ:CRML) Downgraded to “Hold” Rating by Freedom Capital

Critical Metals (NASDAQ:CRML) was downgraded by investment analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on CRML. Cantor Fitzgerald began coverage on Critical Metals in a report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price target for the company. Weiss Ratings lowered shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 21st. Finally, Texas Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Critical Metals Stock Down 2.4%

Shares of CRML stock opened at $6.77 on Tuesday. Critical Metals has a fifty-two week low of $4.66 and a fifty-two week high of $32.15. The stock’s 50-day moving average is $8.28 and its two-hundred day moving average is $9.92.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRML. Alyeska Investment Group L.P. acquired a new position in shares of Critical Metals during the fourth quarter worth approximately $27,130,000. UBS Group AG grew its stake in shares of Critical Metals by 610.9% in the fourth quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after acquiring an additional 1,887,125 shares during the last quarter. Bridgewater Associates LP bought a new position in Critical Metals during the fourth quarter worth $4,237,000. Empery Asset Management LP bought a new position in Critical Metals during the fourth quarter worth $3,411,000. Finally, Geode Capital Management LLC increased its position in Critical Metals by 272.6% during the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after acquiring an additional 332,878 shares during the period. 86.44% of the stock is owned by institutional investors.

Critical Metals Company Profile

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.