5E Advanced Materials (NASDAQ:FEAM) Given New $5.00 Price Target at B. Riley

5E Advanced Materials (NASDAQ:FEAM) had its target price cut by B. Riley from $10.00 to $5.00 in a report issued on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Robert W. Baird cut their price objective on shares of 5E Advanced Materials from $10.00 to $4.00 in a report on Friday, September 1st. Maxim Group assumed coverage on shares of 5E Advanced Materials in a report on Wednesday, May 24th. They issued a hold rating for the company.

5E Advanced Materials Trading Down 5.0 %

Shares of NASDAQ:FEAM opened at $2.27 on Tuesday. The company’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $4.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.50 and a quick ratio of 2.50. 5E Advanced Materials has a one year low of $2.20 and a one year high of $19.97. The stock has a market capitalization of $100.37 million, a PE ratio of -3.29 and a beta of 2.42.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Wednesday, August 30th. The company reported ($0.23) EPS 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) EPS. On average, equities analysts forecast that 5E Advanced Materials will post -0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of 5E Advanced Materials by 15.0% in the 2nd quarter. BlackRock Inc. now owns 2,508,770 shares of the company’s stock valued at $8,229,000 after purchasing an additional 327,019 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 5E Advanced Materials by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,573,396 shares of the company’s stock valued at $15,985,000 after purchasing an additional 60,937 shares during the last quarter. State Street Corp increased its stake in shares of 5E Advanced Materials by 98.7% in the 3rd quarter. State Street Corp now owns 984,173 shares of the company’s stock valued at $9,999,000 after purchasing an additional 488,822 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 5E Advanced Materials by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 684,420 shares of the company’s stock valued at $2,245,000 after purchasing an additional 43,264 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of 5E Advanced Materials by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 347,740 shares of the company’s stock valued at $2,740,000 after purchasing an additional 9,080 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.