Comstock (NYSEAMERICAN:LODE) Upgraded by Noble Financial to Outperform Rating

Noble Financial upgraded shares of Comstock (NYSEAMERICAN:LODE) from a market perform rating to an outperform rating in a report issued on Tuesday morning, MarketBeat reports.

Separately, LADENBURG THALM/SH SH cut shares of Comstock from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $4.00 in a research note on Monday, August 18th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comstock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.

Comstock Stock Down 6.4%

Shares of NYSEAMERICAN LODE opened at $2.76 on Tuesday. Comstock has a 52-week low of $1.67 and a 52-week high of $10.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 1.50. The business has a fifty day moving average of $3.16 and a two-hundred day moving average of $3.13. The stock has a market cap of $99.17 million, a PE ratio of -2.30 and a beta of 1.55.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LODE. Quadrant Private Wealth Management LLC boosted its position in Comstock by 14.7% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 95,160 shares of the company’s stock valued at $361,000 after buying an additional 12,160 shares during the last quarter. Belvedere Trading LLC bought a new position in Comstock in the second quarter valued at about $55,000. Citizens Financial Group Inc. RI acquired a new stake in Comstock in the second quarter worth about $152,000. XTX Topco Ltd bought a new stake in Comstock during the 2nd quarter worth about $163,000. Finally, Geode Capital Management LLC lifted its position in Comstock by 23.7% during the 2nd quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock valued at $1,050,000 after purchasing an additional 53,111 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Company Profile

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.