Weekly Investment Analysts’ Ratings Changes for Piedmont Lithium (PLL)

Piedmont Lithium (NASDAQ: PLL) has recently received a number of price target changes and ratings updates:

• 11/29/2024 – Piedmont Lithium had its price target raised by analysts at BMO Capital Markets from $9.50 to $14.00. They now have a “market perform” rating on the stock.
• 11/21/2024 – Piedmont Lithium was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating. They now have a $13.50 price target on the stock.
• 11/20/2024 – Piedmont Lithium was downgraded by analysts at Roth Mkm from a “buy” rating to a “neutral” rating. They now have a $13.00 price target on the stock, down previously from $32.00.
• 11/20/2024 – Piedmont Lithium was downgraded by analysts at Roth Capital from a “strong-buy” rating to a “hold” rating.
• 10/30/2024 – Piedmont Lithium had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $31.00 price target on the stock, down previously from $40.00.
• 10/29/2024 – Piedmont Lithium had its price target raised by analysts at BMO Capital Markets from $8.50 to $9.00. They now have a “market perform” rating on the stock.
• 10/21/2024 – Piedmont Lithium had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $8.00 price target on the stock, down previously from $9.00.
• 10/16/2024 – Piedmont Lithium was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $7.80 price target on the stock.

Piedmont Lithium Stock Down 4.0 %

Shares of PLL opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50-day simple moving average of $12.03 and a 200-day simple moving average of $10.83. Piedmont Lithium Inc. has a 52 week low of $6.57 and a 52 week high of $31.82. The firm has a market capitalization of $235.61 million, a P/E ratio of -2.96 and a beta of 0.72.

Institutional Trading of Piedmont Lithium

Several institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. boosted its stake in Piedmont Lithium by 20.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 300,000 shares of the mineral exploration company’s stock valued at $2,994,000 after buying an additional 50,000 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Piedmont Lithium in the 2nd quarter valued at $723,000. Millennium Management LLC grew its holdings in shares of Piedmont Lithium by 12.0% in the 2nd quarter. Millennium Management LLC now owns 381,248 shares of the mineral exploration company’s stock worth $3,805,000 after purchasing an additional 40,826 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Piedmont Lithium during the 2nd quarter worth about $874,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Piedmont Lithium by 49.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,054 shares of the mineral exploration company’s stock worth $254,000 after purchasing an additional 6,328 shares in the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.

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.