5E Advanced Materials Inc. (NASDAQ:FEAM – Free Report) – Stock analysts at B. Riley raised their FY2024 EPS estimates for shares of 5E Advanced Materials in a research note issued to investors on Tuesday, September 5th. B. Riley analyst M. Key now anticipates that the company will earn ($0.62) per share for the year, up from their prior estimate of ($0.91). B. Riley currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for 5E Advanced Materials’ current full-year earnings is ($0.91) per share. B. Riley also issued estimates for 5E Advanced Materials’ FY2025 earnings at ($0.62) EPS and FY2026 earnings at ($0.48) EPS.
5E Advanced Materials (NASDAQ:FEAM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). During the same period in the previous year, the company earned ($0.30) earnings per share.
Read Our Latest Stock Report on FEAM
5E Advanced Materials Trading Down 0.4 %
Shares of FEAM stock opened at $2.25 on Thursday. 5E Advanced Materials has a fifty-two week low of $2.17 and a fifty-two week high of $19.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.32 and a current ratio of 2.50. The stock has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $4.30. The company has a market cap of $99.50 million, a P/E ratio of -3.26 and a beta of 2.42.
Institutional Trading of 5E Advanced Materials
Several institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its holdings in shares of 5E Advanced Materials by 148.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 237,142 shares of the company’s stock worth $778,000 after buying an additional 141,725 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 5E Advanced Materials by 115.3% in the second quarter. Wells Fargo & Company MN now owns 16,153 shares of the company’s stock worth $53,000 after purchasing an additional 8,650 shares during the last quarter. XTX Topco Ltd bought a new position in shares of 5E Advanced Materials in the second quarter worth approximately $57,000. State Street Corp increased its position in shares of 5E Advanced Materials by 6.3% in the second quarter. State Street Corp now owns 631,990 shares of the company’s stock worth $2,073,000 after purchasing an additional 37,479 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in 5E Advanced Materials by 91.8% during the second quarter. Renaissance Technologies LLC now owns 110,691 shares of the company’s stock valued at $363,000 after acquiring an additional 52,991 shares during the last quarter. Institutional investors own 19.64% of the company’s stock.
About 5E Advanced Materials
5E Advanced Materials Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It focuses on the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited.
Featured Articles
- Five stocks we like better than 5E Advanced Materials
- How to Invest in Hotel Stocks
- These 3 Wood Stocks are about to go on Discount
- The “How” and “Why” of Investing in 5G Stocks
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- Industrial Products Stocks Investing
- 3 Stocks Awaiting Winter Winds of Opportunity
Receive News & Ratings for 5E Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 5E Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.
