5E Advanced Materials (NASDAQ:FEAM) Shares Gap Up to $15.18

Shares of 5E Advanced Materials Inc. (NASDAQ:FEAMGet Rating) gapped up before the market opened on Friday . The stock had previously closed at $15.18, but opened at $15.91. 5E Advanced Materials shares last traded at $15.97, with a volume of 25 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson increased their price target on 5E Advanced Materials from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 24th. Robert W. Baird started coverage on 5E Advanced Materials in a research note on Thursday, June 9th. They set an “outperform” rating and a $36.00 price target for the company.

5E Advanced Materials Price Performance

The business’s fifty day moving average is $15.52.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. State Street Corp acquired a new position in 5E Advanced Materials during the 2nd quarter valued at about $6,033,000. Northern Trust Corp acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at approximately $3,229,000. Goldman Sachs Group Inc. acquired a new position in 5E Advanced Materials in the second quarter valued at about $1,586,000. Leo Brokerage LLC acquired a new position in shares of 5E Advanced Materials in the second quarter valued at approximately $518,000. Finally, Rhumbline Advisers bought a new position in shares of 5E Advanced Materials in the 2nd quarter worth $447,000. 13.21% of the stock is owned by hedge funds and other institutional investors.

5E Advanced Materials Company Profile

(Get Rating)

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.

Further Reading

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