5E Advanced Materials (NASDAQ:FEAM) Price Target Raised to $6.75

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) had its price target upped by equities researchers at HC Wainwright from $3.50 to $6.75 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's price objective would suggest a potential upside of 69.51% from the company's previous close.

A number of other research firms have also issued reports on FEAM. Wall Street Zen upgraded 5E Advanced Materials from a "strong sell" rating to a "sell" rating in a report on Saturday, September 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.75.

5E Advanced Materials Trading Up 2.6%

Shares of FEAM traded up $0.10 during midday trading on Monday, hitting $3.98. The stock had a trading volume of 629,052 shares, compared to its average volume of 447,939. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The business has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $1.66. The firm has a market cap of $165.85 million, a P/E ratio of -2.73 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.18.

Institutional Investors Weigh In On 5E Advanced Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEAM. LeClair Wealth Partners LLC raised its holdings in shares of 5E Advanced Materials by 20.0% during the fourth quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company's stock worth $92,000 after acquiring an additional 4,990 shares in the last quarter. Potomac Capital Management Inc. purchased a new position in 5E Advanced Materials in the fourth quarter valued at about $186,000. Renaissance Technologies LLC acquired a new position in 5E Advanced Materials in the 1st quarter worth about $268,000. Bluescape Energy Partners LLC increased its position in 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company's stock worth $24,800,000 after purchasing an additional 533,648 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of 5E Advanced Materials during the 1st quarter worth about $765,000.

About 5E Advanced Materials

5E Advanced Materials, Inc is a development-stage company focused on producing boron and lithium products. Its primary project is the Fort Cady Borate and Lithium Project, a mineral resource located in Southern California's Mojave Desert. The company is developing an integrated operation intended to extract boron and lithium from mineralized brines and produce refined materials for industrial and technology applications.

Planned products include boric acid, specialty boron materials and lithium carbonate.

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