FY2025 Earnings Forecast for Piedmont Lithium Inc. (NASDAQ:PLL) Issued By Roth Capital

Piedmont Lithium Inc. (NASDAQ:PLL) – Research analysts at Roth Capital cut their FY2025 EPS estimates for shares of Piedmont Lithium in a research report issued to clients and investors on Friday, May 10th. Roth Capital analyst J. Reagor now forecasts that the mineral exploration company will post earnings per share of $1.75 for the year, down from their prior forecast of $2.02. The consensus estimate for Piedmont Lithium’s current full-year earnings is ($0.35) per share.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Piedmont Lithium from $25.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. BMO Capital Markets raised their price target on shares of Piedmont Lithium from $20.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday. DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Piedmont Lithium in a research report on Tuesday, April 16th. TD Cowen lowered shares of Piedmont Lithium from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $55.00 to $20.00 in a research report on Monday, January 29th. Finally, BTIG Research lowered shares of Piedmont Lithium from a “buy” rating to a “neutral” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Piedmont Lithium has an average rating of “Hold” and an average price target of $67.00.

Piedmont Lithium Trading Down 1.4 %

PLL opened at $13.21 on Monday. Piedmont Lithium has a 12-month low of $10.82 and a 12-month high of $65.72. The firm has a market capitalization of $255.75 million, a PE ratio of -6.95 and a beta of 0.77. The firm has a 50 day moving average of $12.95 and a two-hundred day moving average of $19.33.

Piedmont Lithium (NASDAQ:PLL) last released its earnings results on Thursday, February 22nd. The mineral exploration company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.61). The company had revenue of ($7.31) million for the quarter, compared to the consensus estimate of $32.76 million.

Hedge Funds Weigh In On Piedmont Lithium

Several institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Piedmont Lithium by 1.0% during the 3rd quarter. Swiss National Bank now owns 40,100 shares of the mineral exploration company’s stock valued at $1,592,000 after purchasing an additional 400 shares in the last quarter. GAMMA Investing LLC increased its holdings in Piedmont Lithium by 66.6% in the 1st quarter. GAMMA Investing LLC now owns 1,992 shares of the mineral exploration company’s stock worth $27,000 after acquiring an additional 796 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Piedmont Lithium in the 4th quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Piedmont Lithium by 48.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,210 shares of the mineral exploration company’s stock worth $127,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Piedmont Lithium by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 361,625 shares of the mineral exploration company’s stock worth $10,209,000 after acquiring an additional 1,232 shares in the last quarter. 52.23% of the stock is owned by hedge funds and other institutional investors.

About Piedmont Lithium

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.