Frontier Lithium (CVE:FL) PT Set at C$4.00 by CIBC

Frontier Lithium (CVE:FL – Get Free Report) has been assigned a C$4.00 price objective by research analysts at CIBC in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 227.87% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group cut their price target on Frontier Lithium from C$4.50 to C$4.00 in a report on Friday, June 2nd. Royal Bank of Canada dropped their target price on Frontier Lithium from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research note on Monday, June 12th.

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Frontier Lithium Price Performance

Shares of FL stock opened at C$1.22 on Tuesday. Frontier Lithium has a 52-week low of C$1.18 and a 52-week high of C$3.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.19 and a current ratio of 9.25. The firm has a market capitalization of C$277.71 million, a P/E ratio of -11.09 and a beta of 1.44. The stock has a 50 day moving average price of C$1.60 and a 200 day moving average price of C$1.90.

Frontier Lithium (CVE:FL – Get Free Report) last issued its earnings results on Monday, August 28th. The company reported C($0.03) earnings per share for the quarter.

About Frontier Lithium

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Frontier Lithium Inc engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.

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