Bank of America Corp DE Grows Stock Holdings in Critical Metals Corp. $CRML

Key Points

• Bank of America increased its Critical Metals stake by 327.5% in the first quarter, adding 176,123 shares for a total of 229,907 shares valued at approximately $1.83 million.
• Institutional ownership remains high at 86.44%, with several other firms—including Manufacturers Life Insurance, BNP Paribas, and T. Rowe Price—also raising their positions.
• CRML shares opened at $7.30, near the 50-day average, while analyst views range from Strong Buy to Sell; the stock carries a “Moderate Buy” consensus and an average $18 price target.

Bank of America Corp DE lifted its position in Critical Metals Corp. (NASDAQ:CRML - Free Report) by 327.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,907 shares of the company's stock after purchasing an additional 176,123 shares during the quarter. Bank of America Corp DE owned 0.18% of Critical Metals worth $1,825,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Critical Metals by 14.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company's stock worth $116,000 after buying an additional 1,829 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Critical Metals by 95.9% in the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company's stock worth $40,000 after buying an additional 3,134 shares in the last quarter. National Bank of Canada FI bought a new position in Critical Metals during the third quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new position in Critical Metals during the fourth quarter valued at approximately $28,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Critical Metals by 25.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,399 shares of the company's stock worth $142,000 after acquiring an additional 4,139 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Trading Up 5.5%

Shares of CRML stock opened at $7.30 on Thursday. Critical Metals Corp. has a fifty-two week low of $5.11 and a fifty-two week high of $32.15. The stock has a 50 day moving average price of $7.30 and a two-hundred day moving average price of $9.11.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRML. Freedom Capital lowered shares of Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Cantor Fitzgerald began coverage on shares of Critical Metals in a report on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 target price on the stock. 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 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 issued a Sell rating to the company. According to MarketBeat.com, Critical Metals presently has an average rating of "Moderate Buy" and an average target price of $18.00.

Critical Metals 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.

Want to see what other hedge funds are holding CRML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Critical Metals Corp. (NASDAQ:CRML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.