Piedmont Lithium (PLL) Scheduled to Post Quarterly Earnings on Tuesday

Piedmont Lithium (NASDAQ:PLL) will announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Piedmont Lithium (NASDAQ:PLL) last issued its quarterly earnings data on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.53). The firm had revenue of $13.23 million during the quarter, compared to the consensus estimate of $14.89 million. During the same period in the previous year, the company posted ($0.55) EPS. On average, analysts expect Piedmont Lithium to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Piedmont Lithium Stock Down 5.4 %

NASDAQ PLL opened at $11.46 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. Piedmont Lithium has a 1-year low of $6.57 and a 1-year high of $31.82. The company has a 50 day moving average of $10.45 and a 200-day moving average of $10.94. The company has a market cap of $222.67 million, a price-to-earnings ratio of -5.62 and a beta of 0.74.

Analysts Set New Price Targets

PLL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $8.00 price target (down from $9.00) on shares of Piedmont Lithium in a research report on Monday, October 21st. B. Riley lowered their price objective on shares of Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Piedmont Lithium from $8.50 to $9.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Macquarie cut shares of Piedmont Lithium from a “neutral” rating to an “underperform” rating and set a $7.80 target price on the stock. in a research note on Wednesday, October 16th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $31.00 target price (down previously from $40.00) on shares of Piedmont Lithium in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Piedmont Lithium currently has a consensus rating of “Hold” and an average price target of $22.26.

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.