3 Wall Street equities research analysts have issued « buy, » « hold, » and « sell » ratings for Piedmont Lithium in the last twelve months. The consensus among Wall Street equities research analysts is that investors should « buy » PLL shares. According to the issued ratings of 3 analysts in the last year, the consensus rating for Piedmont Lithium stock is Buy based on the current 3 buy ratings for PLL. The average twelve-month price prediction for Piedmont Lithium is $128.75 with a high price target of $184.00 and a low price target of $95.00. This is the first of two Deep Dives screening EV-related stocks. This screen is based on analysts’ ratings and consensus price targets.

The company was incorporated in 2020 and is headquartered in Belmont, North Carolina. Prior to today’s trading, shares of the company had lost 3.06% over the past month. This has lagged the Basic Materials sector’s loss of 0.72% and the S&P 500’s gain of 0.64% in that time.

Sign-up to receive the latest news and ratings for Piedmont Lithium and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Keith Phillips of Piedmont Lithium says he’s very bullish on lithium prices in the medium term. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Lithium Companies Push Back Against Short Seller’s Allegations

According to 5 analysts, the average rating for PLL stock is « Strong Buy. » The 12-month stock price forecast is $128.75, which is an increase of 189.39% from the latest price. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties.

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Upgrade to MarketBeat All Access to add more stocks average traded price to your watchlist. One share of PLL stock can currently be purchased for approximately $44.49. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Analyst Forecast

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Sign-up to receive the latest news and ratings for PLL and its competitors with MarketBeat’s FREE daily newsletter. The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.

• The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
• Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%.
• According to 5 analysts, the average rating for PLL stock is « Strong Buy. » The 12-month stock price forecast is $128.75, which is an increase of 189.39% from the latest price.
• To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
• According to the issued ratings of 3 analysts in the last year, the consensus rating for Piedmont Lithium stock is Buy based on the current 3 buy ratings for PLL.
• Since then, PLL shares have increased by 1.1% and is now trading at $44.49.

Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Piedmont Lithium Inc. (PLL) closed the most recent trading day at $43.96, moving -0.33% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 0.57%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

In terms of valuation, Piedmont Lithium Inc. is currently trading at a Forward P/E ratio of 8.13. This represents a discount compared to its industry’s average Forward P/E of 10.31. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Investors should also note any recent changes to analyst estimates for Piedmont Lithium Inc.These revisions help to show the ever-changing nature of near-term business trends.

Is It Time to Sell PLL? Shares are up today.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. PLL’s beta can be found in Trading Information at the top of this page.

• Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
• It also owns a real property of approximately 5 acres in Bessemer City, North Carolina; and 61-acre property in Kings Mountain, North Carolina.
• And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
• Piedmont Lithium’s stock was trading at $44.02 at the beginning of the year.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Within the past 30 days, our consensus EPS projection has moved 2.75% lower. Piedmont Lithium Inc. currently has a Zacks Rank of #5 (Strong Sell). The technique has proven to be very useful for finding positive surprises.

Piedmont Lithium (PLL) Price Target & Analyst Ratings

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Investors will be hoping for strength from Piedmont Lithium Inc. as it approaches its next earnings release. On that day, Piedmont Lithium Inc. is projected to report earnings of $1.68 per share, which would represent year-over-year growth of 566.67%. (Kitco News) – Piedmont said the funding to support Ewoyaa furthers the company’s strategy to supply crucial lithium resources to U.S. electric vehicle and battery manufacturers. Use these ten stocks to generate a safe and reliable source of investment income.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or https://1investing.in/ Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Analysts like Piedmont Lithium more than other Basic Materials companies. The consensus rating for Piedmont Lithium is Buy while the average consensus rating for basic materials companies is Moderate Buy.

Piedmont Lithium (PLL) Stock Forecast, Price & News

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana. According to analysts, Piedmont Lithium’s stock has a predicted upside of 153.68% based on their 12-month price targets. Piedmont Lithium Inc., a development stage company, engages in the exploration and development of resource projects in the United States. It also owns a real property of approximately 5 acres in Bessemer City, North Carolina; and 61-acre property in Kings Mountain, North Carolina.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Compare
PLL’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. Piedmont Lithium Inc. said Tuesday it has amended its agreement with Tesla Inc. to supply the electric vehicle maker with spodumene concentrate, or SC6, from North American Lithium.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Piedmont Lithium’s stock was trading at $44.02 at the beginning of the year. Since then, PLL shares have increased by 1.1% and is now trading at $44.49. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988.

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Shares of Piedmont Lithium Inc. charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S.