Piedmont Lithium Inc. (NASDAQ:PLL – Get Free Report) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.61.
A number of brokerages have recently issued reports on PLL. B. Riley decreased their target price on Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective (down from $61.00) on shares of Piedmont Lithium in a research note on Friday, August 9th. Macquarie reissued a “neutral” rating and issued a $9.30 target price on shares of Piedmont Lithium in a research note on Monday. Finally, BMO Capital Markets decreased their price target on shares of Piedmont Lithium from $28.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, July 26th.
Check Out Our Latest Stock Report on Piedmont Lithium
Institutional Trading of Piedmont Lithium
Piedmont Lithium Stock Performance
NASDAQ:PLL opened at $7.69 on Friday. The company has a market cap of $148.96 million, a P/E ratio of -4.05 and a beta of 0.84. The firm’s 50 day moving average is $10.24 and its two-hundred day moving average is $12.40. Piedmont Lithium has a fifty-two week low of $6.93 and a fifty-two week high of $46.66. 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 quarterly earnings data on Thursday, August 8th. The mineral exploration company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.53). The firm had revenue of $13.23 million during the quarter, compared to analyst estimates of $14.89 million. During the same period last year, the firm posted ($0.55) EPS. Analysts expect that Piedmont Lithium will post -1.33 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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