Critical Metals (NASDAQ:CRML) Raised to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Critical Metals from “strong sell” to “sell,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $18.00.
• CRML opened at $6.43 and was trading down 4.3%, well below its 52-week high of $32.15; its 50-day and 200-day moving averages were $6.91 and $9.00, respectively.
• Institutional ownership stands at 86.44%, with several firms—including Bank of America, PNC Financial, and Bridgewater Associates—recently increasing or initiating positions.

Critical Metals (NASDAQ:CRML - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

CRML has been the topic of a number of other research reports. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a research note on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price target on the stock. Freedom Capital downgraded shares of Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Critical Metals from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.00.

Critical Metals Trading Down 4.3%

NASDAQ CRML opened at $6.43 on Friday. Critical Metals has a one year low of $5.11 and a one year high of $32.15. The stock has a 50 day moving average price of $6.91 and a 200-day moving average price of $9.00.

Institutional Investors Weigh In On Critical Metals

Several hedge funds and other institutional investors have recently made changes to their positions in CRML. PNC Financial Services Group Inc. boosted its position in shares of Critical Metals by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 274,348 shares of the company's stock valued at $1,904,000 after buying an additional 137,174 shares during the period. Bank of America Corp DE raised its holdings in shares of Critical Metals by 327.5% in the first quarter. Bank of America Corp DE now owns 229,907 shares of the company's stock worth $1,825,000 after buying an additional 176,123 shares during the period. Empery Asset Management LP purchased a new stake in shares of Critical Metals in the fourth quarter worth approximately $3,411,000. Bridgewater Associates LP bought a new stake in shares of Critical Metals during the 4th quarter worth approximately $4,237,000. Finally, Jump Financial LLC bought a new stake in shares of Critical Metals during the 4th quarter worth approximately $2,222,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.

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