Piedmont Lithium (PLL) to Release Earnings on Thursday

Piedmont Lithium (NASDAQ:PLL) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Piedmont Lithium to post earnings of ($0.43) per share and revenue of $52.60 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Piedmont Lithium Trading Down 2.4 %

Shares of PLL opened at $8.20 on Thursday. The firm’s 50-day moving average price is $8.91 and its 200-day moving average price is $9.91. The firm has a market capitalization of $159.41 million, a price-to-earnings ratio of -2.00 and a beta of 0.78. The company has a current ratio of 1.99, a quick ratio of 1.99 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 $17.66.

Insider Transactions at Piedmont Lithium

In other news, CEO Keith D. Phillips sold 41,867 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $12.31, for a total transaction of $515,382.77. Following the completion of the transaction, the chief executive officer now directly owns 170,616 shares of the company’s stock, valued at $2,100,282.96. The trade was a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Piedmont Lithium from $9.50 to $14.00 and gave the stock a “market perform” rating in a research note on Friday, November 29th. Macquarie raised shares of Piedmont Lithium from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Roth Capital lowered shares of Piedmont Lithium from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm lowered shares of Piedmont Lithium from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $13.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Piedmont Lithium currently has a consensus rating of “Hold” and a consensus target price of $21.42.

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.