5E Advanced Materials (NASDAQ:FEAM) Price Target Lowered to $4.00 at Robert W. Baird

5E Advanced Materials (NASDAQ:FEAM) had its target price decreased by Robert W. Baird from $10.00 to $4.00 in a report released on Friday, FlyOnTheWall reports.

A number of other research firms also recently commented on FEAM. B. Riley reduced their target price on 5E Advanced Materials from $20.00 to $10.00 in a report on Tuesday, May 16th. Maxim Group assumed coverage on 5E Advanced Materials in a research note on Wednesday, May 24th. They set a hold rating on the stock.

5E Advanced Materials Stock Performance

5E Advanced Materials stock opened at $2.39 on Friday. 5E Advanced Materials has a 52 week low of $2.33 and a 52 week high of $19.97. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.57. The stock has a market cap of $105.52 million, a P/E ratio of -3.14 and a beta of 2.37. The stock has a 50 day moving average of $3.27 and a 200-day moving average of $4.46.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings data on Wednesday, August 30th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). During the same quarter in the previous year, the company posted ($0.30) EPS. On average, analysts expect that 5E Advanced Materials will post -0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC lifted its holdings in shares of 5E Advanced Materials by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 19,236 shares of the company’s stock worth $152,000 after purchasing an additional 1,284 shares during the last quarter. Royal Bank of Canada bought a new stake in 5E Advanced Materials in the first quarter valued at $38,000. American International Group Inc. boosted its holdings in shares of 5E Advanced Materials by 16.1% during the fourth quarter. American International Group Inc. now owns 18,183 shares of the company’s stock valued at $143,000 after acquiring an additional 2,518 shares during the period. Legal & General Group Plc bought a new position in shares of 5E Advanced Materials during the second quarter worth about $42,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 5E Advanced Materials by 353.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,642 shares of the company’s stock worth $25,000 after acquiring an additional 3,618 shares during the period. 19.64% of the stock is currently owned by institutional investors and hedge funds.

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.