Swiss National Bank Lowers Stock Position in Piedmont Lithium Inc. (NASDAQ:PLL)

Swiss National Bank lessened its holdings in Piedmont Lithium Inc. (NASDAQ:PLLFree Report) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,000 shares of the mineral exploration company’s stock after selling 4,100 shares during the period. Swiss National Bank owned about 0.19% of Piedmont Lithium worth $1,016,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Piedmont Lithium in the 4th quarter worth approximately $34,000. FNY Investment Advisers LLC bought a new position in shares of Piedmont Lithium during the 4th quarter worth approximately $62,000. Janney Montgomery Scott LLC bought a new position in shares of Piedmont Lithium during the 3rd quarter worth approximately $251,000. SG Americas Securities LLC raised its stake in shares of Piedmont Lithium by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 23,542 shares of the mineral exploration company’s stock worth $665,000 after acquiring an additional 10,713 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Piedmont Lithium during the 3rd quarter worth approximately $1,019,000. Hedge funds and other institutional investors own 52.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BTIG Research lowered shares of Piedmont Lithium from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Piedmont Lithium in a research note on Tuesday, April 16th. BMO Capital Markets upped their price target on shares of Piedmont Lithium from $20.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Piedmont Lithium from $25.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Piedmont Lithium has a consensus rating of “Hold” and an average target price of $67.00.

Get Our Latest Stock Analysis on Piedmont Lithium

Piedmont Lithium Trading Down 1.5 %

Shares of Piedmont Lithium stock opened at $13.57 on Thursday. The firm has a market capitalization of $262.85 million, a price-to-earnings ratio of -7.14 and a beta of 0.77. Piedmont Lithium Inc. has a 12-month low of $10.82 and a 12-month high of $65.72. The firm’s 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $18.24.

Piedmont Lithium (NASDAQ:PLLGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The mineral exploration company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). The firm had revenue of $13.40 million for the quarter, compared to analysts’ expectations of $13.77 million. On average, sell-side analysts predict that Piedmont Lithium Inc. will post 0.02 EPS for the current fiscal year.

Piedmont Lithium Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Piedmont Lithium (NASDAQ:PLL)

Receive News & Ratings for Piedmont Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Lithium and related companies with MarketBeat.com's FREE daily email newsletter.