Shares of Piedmont Lithium Inc. (NASDAQ:PLL – Get Free Report) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.61.
Several analysts have issued reports on the company. Macquarie reissued a “neutral” rating and issued a $9.30 price target on shares of Piedmont Lithium in a research note on Monday. Roth Mkm reissued a “buy” rating and issued a $40.00 price target (down previously from $61.00) on shares of Piedmont Lithium in a research note on Friday, August 9th. B. Riley dropped their price target on Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday. Finally, BMO Capital Markets dropped their price target on Piedmont Lithium from $28.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th.
View Our Latest Analysis on PLL
Hedge Funds Weigh In On Piedmont Lithium
Piedmont Lithium Stock Up 8.5 %
Shares of PLL stock opened at $7.69 on Friday. The company has a market capitalization of $148.96 million, a price-to-earnings ratio of -4.05 and a beta of 0.84. Piedmont Lithium has a 12-month low of $6.93 and a 12-month high of $46.66. The firm has a fifty day moving average of $10.24 and a 200-day moving average of $12.40. The company has a quick ratio of 4.57, a current ratio of 2.32 and a debt-to-equity ratio of 0.01.
Piedmont Lithium (NASDAQ:PLL – Get Free Report) last released its earnings results on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share (EPS) 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 business posted ($0.55) EPS. As a group, equities research analysts predict that Piedmont Lithium will post -1.33 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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