Fintel reports that on April 21, 2023, Roth MKM maintained coverage of Piedmont Lithium (NASDAQ:PLL) with a Buy recommendation.
Analyst Price Forecast Suggests 110.25% Upside
As of April 7, 2023, the average one-year price target for Piedmont Lithium is $111.31. The forecasts range from a low of $85.85 to a high of $157.50. The average price target represents an increase of 110.25% from its latest reported closing price of $52.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Piedmont Lithium is $129MM. The projected annual non-GAAP EPS is $3.44.
What are Other Shareholders Doing?
Vanguard Group holds 934K shares representing 0.05% ownership of the company. In it’s prior filing, the firm reported owning 934K shares, representing an increase of 0.04%. The firm decreased its portfolio allocation in PLL by 23.78% over the last quarter.
PRINCIPAL VARIABLE CONTRACTS FUNDS INC – SmallCap Account Class 1 holds 8K shares representing 0.00% ownership of the company. No change in the last quarter.
Householder Group Estate & Retirement Specialist holds 2K shares representing 0.00% ownership of the company. No change in the last quarter.
Alliancebernstein holds 17K shares representing 0.00% ownership of the company. No change in the last quarter.
BBSC – JPMorgan BetaBuilders U.S. Small Cap Equity ETF holds 7K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 6K shares, representing an increase of 14.19%. The firm increased its portfolio allocation in PLL by 6.83% over the last quarter.
What is the Fund Sentiment?
There are 300 funds or institutions reporting positions in Piedmont Lithium. This is an increase of 11 owner(s) or 3.81% in the last quarter. Average portfolio weight of all funds dedicated to PLL is 0.19%, an increase of 77.57%. Total shares owned by institutions decreased in the last three months by 2.36% to 9,869K shares. The put/call ratio of PLL is 0.68, indicating a bullish outlook.
Piedmont Lithium Background Information
(This description is provided by the company.)
Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.
See all Piedmont Lithium regulatory filings.
This story originally appeared on Fintel.
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