Piedmont Lithium Inc. (NASDAQ:PLL – Free Report) – B. Riley issued their Q3 2023 earnings per share estimates for Piedmont Lithium in a research note issued on Thursday, August 10th. B. Riley analyst M. Key expects that the mineral exploration company will post earnings of $1.94 per share for the quarter. B. Riley currently has a “Buy” rating and a $95.00 price target on the stock. The consensus estimate for Piedmont Lithium’s current full-year earnings is $5.58 per share. B. Riley also issued estimates for Piedmont Lithium’s Q4 2023 earnings at $3.19 EPS, FY2023 earnings at $4.16 EPS and FY2024 earnings at $7.76 EPS.
Several other brokerages have also recently weighed in on PLL. Roth Mkm lifted their price target on Piedmont Lithium from $150.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 21st. DA Davidson lifted their price target on Piedmont Lithium from $90.00 to $96.00 in a research report on Monday, June 5th.
Piedmont Lithium Trading Up 0.5 %
Shares of PLL stock opened at $45.67 on Monday. The stock has a 50 day moving average of $57.12 and a 200 day moving average of $58.27. The stock has a market cap of $876.86 million, a P/E ratio of 2.69 and a beta of 1.00. Piedmont Lithium has a twelve month low of $41.02 and a twelve month high of $76.78.
Piedmont Lithium (NASDAQ:PLL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The mineral exploration company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.06.
Institutional Trading of Piedmont Lithium
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors increased its position in shares of Piedmont Lithium by 7.9% in the second quarter. Captrust Financial Advisors now owns 2,038 shares of the mineral exploration company’s stock valued at $74,000 after buying an additional 150 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Piedmont Lithium by 1.1% in the fourth quarter. Legal & General Group Plc now owns 13,934 shares of the mineral exploration company’s stock worth $613,000 after acquiring an additional 154 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its stake in shares of Piedmont Lithium by 0.8% in the first quarter. Williams Jones Wealth Management LLC. now owns 23,352 shares of the mineral exploration company’s stock worth $1,402,000 after acquiring an additional 187 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Piedmont Lithium by 4.0% in the fourth quarter. Arizona State Retirement System now owns 5,069 shares of the mineral exploration company’s stock worth $223,000 after acquiring an additional 194 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Piedmont Lithium by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,455 shares of the mineral exploration company’s stock worth $568,000 after acquiring an additional 194 shares during the last quarter. 55.84% of the stock is currently owned by hedge funds and other institutional investors.
Piedmont Lithium Company Profile
Piedmont Lithium, Inc is an exploration stage company, which engages in the exploration and development of mineral properties. The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana.
Read More
- Five stocks we like better than Piedmont Lithium
- How to Invest in the Best Canadian Stocks
- MarketBeat Week in Review – 8/7 – 8/11
- What Are the U.K. Market Holidays? How to Invest and Trade
- 3 Retailers To Watch Closely Next Week
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Piedmont Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Lithium and related companies with MarketBeat.com's FREE daily email newsletter.
