Critical Metals (NASDAQ:CRML) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Critical Metals (NASDAQ:CRML) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other brokerages have also weighed in on CRML. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 target price on the stock. Weiss Ratings downgraded shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 21st. Finally, Freedom Capital lowered Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Critical Metals Stock Up 0.5%

NASDAQ:CRML opened at $6.46 on Friday. The firm’s fifty day simple moving average is $6.85 and its 200-day simple moving average is $8.96. Critical Metals has a fifty-two week low of $5.11 and a fifty-two week high of $32.15.

Institutional Investors Weigh In On Critical Metals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in Critical Metals during the 2nd quarter valued at about $29,000. State of Wyoming purchased a new stake in shares of Critical Metals in the first quarter valued at about $51,000. Leonteq Securities AG acquired a new stake in shares of Critical Metals in the fourth quarter valued at approximately $52,000. Allworth Financial LP grew its position in shares of Critical Metals by 53.4% in the second quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock valued at $52,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Critical Metals during the 1st quarter worth approximately $82,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the electric vehicle, battery storage, renewable energy and technology industries. The company’s principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.

The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.