Comstock (NYSE:LODE) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

Key Points

• Research analysts at LADENBURG THALM/SH SH have initiated coverage of Comstock (NYSE:LODE) with a "buy" rating and a price target of $12.00, indicating a potential upside of 247.83% from its current price.
• As of Tuesday, Comstock’s stock price opened at $3.45, with a market capitalization of $111.84 million and a debt-to-equity ratio of 0.16.
• Institutional investors have shown strong interest in Comstock, with PFG Investments LLC increasing its position by 218.7% during the first quarter, reflecting growing confidence in the company.

Investment analysts at LADENBURG THALM/SH SH assumed coverage on shares of Comstock (NYSE:LODE - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $12.00 price target on the stock. LADENBURG THALM/SH SH's price objective points to a potential upside of 282.17% from the company's current price.

Comstock Trading Down 4.3%

NYSE:LODE traded down $0.14 on Tuesday, hitting $3.14. 451,306 shares of the stock were exchanged, compared to its average volume of 547,687. The stock has a fifty day moving average of $3.55 and a 200-day moving average of $3.01. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. Comstock has a fifty-two week low of $1.25 and a fifty-two week high of $10.10. The stock has a market cap of $101.79 million, a PE ratio of -26.16 and a beta of 1.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Belvedere Trading LLC bought a new position in shares of Comstock in the second quarter worth about $55,000. PFG Investments LLC boosted its position in Comstock by 218.7% during the first quarter. PFG Investments LLC now owns 63,388 shares of the company's stock valued at $155,000 after purchasing an additional 43,500 shares during the last quarter. Northern Trust Corp raised its position in Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company's stock worth $351,000 after acquiring an additional 282,266 shares in the last quarter. PEAK6 LLC bought a new stake in Comstock during the fourth quarter worth $156,000. Finally, XTX Topco Ltd raised its position in shares of Comstock by 43.9% in the fourth quarter. XTX Topco Ltd now owns 108,408 shares of the company's stock valued at $87,000 after purchasing an additional 33,095 shares during the period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

About Comstock

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.