Deutsche Bank AG Has $85,000 Position in Piedmont Lithium Inc. (NASDAQ:PLL)

Deutsche Bank AG increased its stake in shares of Piedmont Lithium Inc. (NASDAQ:PLL) by 31.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,707 shares of the mineral exploration company’s stock after buying an additional 2,348 shares during the period. Deutsche Bank AG’s holdings in Piedmont Lithium were worth $85,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PLL. Susquehanna Fundamental Investments LLC bought a new stake in shares of Piedmont Lithium in the fourth quarter valued at about $483,000. Quinn Opportunity Partners LLC acquired a new position in shares of Piedmont Lithium during the 4th quarter worth approximately $304,000. American Century Companies Inc. bought a new position in shares of Piedmont Lithium during the fourth quarter worth approximately $109,000. Raymond James Financial Inc. acquired a new stake in shares of Piedmont Lithium in the fourth quarter valued at approximately $98,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Piedmont Lithium in the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 52.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on Piedmont Lithium from $13.00 to $8.25 and set a “neutral” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.75.

Piedmont Lithium Stock Performance

Shares of NASDAQ:PLL opened at $6.21 on Wednesday. The company’s 50 day simple moving average is $6.69 and its 200 day simple moving average is $8.24. The stock has a market capitalization of $136.28 million, a price-to-earnings ratio of -1.87 and a beta of 0.42. Piedmont Lithium Inc. has a 1 year low of $5.15 and a 1 year high of $15.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.23 and a quick ratio of 1.99.

Piedmont Lithium (NASDAQ:PLL) last released its earnings results on Wednesday, May 7th. The mineral exploration company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.21). The business had revenue of $20.00 million during the quarter, compared to the consensus estimate of $36.34 million. Piedmont Lithium had a negative net margin of 64.84% and a negative return on equity of 17.74%. As a group, research analysts predict that Piedmont Lithium Inc. will post -0.91 EPS for the current fiscal year.

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.