Critical Metals (NASDAQ:CRML) Upgraded to "Strong-Buy" at Freedom Capital

Key Points

• Freedom Capital upgraded Critical Metals (NASDAQ:CRML) to a Strong-Buy, while Weiss Ratings recently reiterated a "sell (e+)"—the stock's consensus rating is a Moderate Buy.
• Shares opened at $9.32 and were trading down about 3.9%, with a 52-week range of $1.23 to $32.15 and moving averages of $12.48 (50-day) and $10.53 (200-day).
• Institutional investors own about 86.44% of CRML, with recent notable stakes including PNC Financial and a large increase by Strs Ohio; Critical Metals is a lithium miner developing the Wolfsberg and Tanbreez projects.

Critical Metals (NASDAQ:CRML - Get Free Report) was upgraded by research analysts at Freedom Capital to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Critical Metals Trading Down 3.9%

Shares of CRML stock opened at $9.32 on Tuesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. Critical Metals has a 52-week low of $1.23 and a 52-week high of $32.15. The business's fifty day moving average is $12.48 and its 200 day moving average is $10.53.

Hedge Funds Weigh In On Critical Metals

A number of institutional investors have recently made changes to their positions in CRML. PNC Financial Services Group Inc. bought a new stake in shares of Critical Metals during the 3rd quarter worth $853,000. Strs Ohio increased its stake in Critical Metals by 5,464.3% in the third quarter. Strs Ohio now owns 77,900 shares of the company's stock valued at $485,000 after acquiring an additional 76,500 shares during the last quarter. Savant Capital LLC bought a new position in Critical Metals in the second quarter valued at $287,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Critical Metals during the second quarter valued at about $33,000. Finally, Intech Investment Management LLC bought a new stake in Critical Metals during the second quarter worth about $62,000. 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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