5E Advanced Materials (NASDAQ:FEAM) Price Target Cut to $12.00 by Analysts at Maxim Group

5E Advanced Materials (NASDAQ:FEAM) had its price target decreased by Maxim Group from $23.00 to $12.00 in a report published on Wednesday,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Saturday, February 1st.

5E Advanced Materials Price Performance

5E Advanced Materials stock opened at $4.44 on Wednesday. The firm has a market capitalization of $306.54 million, a PE ratio of -4.07 and a beta of 1.57. 5E Advanced Materials has a 12-month low of $3.60 and a 12-month high of $57.04. The firm has a 50-day moving average price of $0.65 and a 200-day moving average price of $0.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 35.91.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.21) earnings per share for the quarter. As a group, equities research analysts forecast that 5E Advanced Materials will post -0.4 EPS for the current year.

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC boosted its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the period. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.