5E Advanced Materials (NASDAQ:FEAM) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded 5E Advanced Materials from “sell” to “hold.” Analyst sentiment remains mixed, with HC Wainwright maintaining a “buy” rating and Weiss Ratings reiterating “sell”; the consensus rating is “hold” with a $6.75 price target.
• FEAM shares were trading at $3.64, up 10%, and remained above their 50-day and 200-day moving averages. The stock has ranged from $0.90 to $7.50 over the past year.
• The company reported a quarterly loss of $0.14 per share, beating estimates for a $0.32 loss. 5E Advanced Materials is developing the Fort Cady project in California to produce boron- and potentially lithium-based products.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. HC Wainwright upped their price target on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the company a "buy" rating in a research report on Monday, October 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.75.

5E Advanced Materials Trading Up 10.0%

NASDAQ:FEAM opened at $3.64 on Friday. The stock's 50-day moving average is $2.09 and its 200-day moving average is $1.73. 5E Advanced Materials has a 1-year low of $0.90 and a 1-year high of $7.50. The stock has a market cap of $151.60 million, a P/E ratio of -2.46 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last issued its quarterly earnings data 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.

Hedge Funds Weigh In On 5E Advanced Materials

A number of hedge funds and other institutional investors have recently made changes to their positions in FEAM. Renaissance Technologies LLC bought a new stake in 5E Advanced Materials in the first quarter valued at approximately $268,000. Bluescape Energy Partners LLC increased its position in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company's stock valued at $24,800,000 after purchasing an additional 533,648 shares during the period. Aristides Capital LLC bought a new position in 5E Advanced Materials during the 1st quarter worth approximately $765,000. Finally, AWM Investment Company Inc. bought a new position in 5E Advanced Materials during the 2nd quarter worth approximately $4,346,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.

Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.

The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.

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