Piedmont Lithium Inc. (NASDAQ:PLL – Get Free Report) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.47.
A number of equities analysts recently commented on the stock. Roth Mkm reaffirmed 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. B. Riley lowered their target price on shares of Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Macquarie downgraded shares of Piedmont Lithium from a “neutral” rating to an “underperform” rating and set a $7.80 price target for the company. in a research report on Wednesday, October 16th. BMO Capital Markets reduced their price target on 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, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $8.00 price objective (down from $9.00) on shares of Piedmont Lithium in a report on Monday, October 21st.
Institutional Investors Weigh In On Piedmont Lithium
Piedmont Lithium Price Performance
Piedmont Lithium stock opened at $11.79 on Wednesday. The company has a market capitalization of $228.36 million, a price-to-earnings ratio of -6.21 and a beta of 0.81. 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 12 month low of $6.57 and a 12 month high of $31.82. The stock’s 50 day moving average is $9.57 and its 200-day moving average is $10.91.
Piedmont Lithium (NASDAQ:PLL – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm earned ($0.55) EPS. Equities research analysts expect that Piedmont Lithium will post -2.47 EPS for the current 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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