Critical Metals (NASDAQ:CRML) Rating Lowered to Strong Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Critical Metals from “sell” to “strong sell,” although MarketBeat’s analyst consensus remains “Moderate Buy” with an average price target of $18.00.
• CRML shares opened at $7.03, down 2.4%, and remain well below their 52-week high of $32.15; the stock’s 50-day and 200-day moving averages were $6.93 and $8.74, respectively.
• Institutional investors own 86.44% of Critical Metals, while several funds—including Royal Bank of Canada and Allworth Financial—recently increased their positions. The company is developing the Wolfsberg Lithium Project in Austria.

Critical Metals (NASDAQ:CRML - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts also recently weighed in on CRML. Weiss Ratings upgraded Critical Metals from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday. Cantor Fitzgerald initiated coverage on Critical Metals in a research note on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price objective for the company. Finally, Freedom Capital downgraded Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Critical Metals presently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Critical Metals Stock Down 2.4%

Shares of NASDAQ CRML opened at $7.03 on Friday. Critical Metals has a fifty-two week low of $5.11 and a fifty-two week high of $32.15. The company has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $8.74.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Critical Metals in the second quarter worth $29,000. Allworth Financial LP increased its position in Critical Metals by 53.4% during the second quarter. Allworth Financial LP now owns 5,055 shares of the company's stock valued at $52,000 after acquiring an additional 1,760 shares during the last quarter. State of Wyoming bought a new position in Critical Metals in the first quarter valued at about $51,000. Sanctuary Advisors LLC bought a new position in Critical Metals in the first quarter valued at about $82,000. Finally, Royal Bank of Canada boosted its position in Critical Metals by 121.4% in the first quarter. Royal Bank of Canada now owns 10,947 shares of the company's stock worth $87,000 after purchasing an additional 6,002 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. NASDAQ: CRML is a mining and development company focused on advancing projects that supply critical minerals used in energy, technology and industrial applications. The company's portfolio is centered on lithium and rare earth elements, which are important inputs for electric vehicles, batteries, renewable energy systems and advanced manufacturing.

Its flagship asset is the Wolfsberg Lithium Project in Austria. Critical Metals is developing the project as an integrated European lithium operation, with plans covering the production of lithium-related materials for the battery supply chain.

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