Freedom Capital Downgrades Critical Metals (NASDAQ:CRML) to Hold

Key Points

• Freedom Capital downgraded Critical Metals from “strong buy” to “hold.” Analyst opinions remain mixed, but the stock carries a “Moderate Buy” consensus rating and an $18.00 average price target.
• Critical Metals shares opened at $6.77, down 2.4%, with a 52-week range of $4.66 to $32.15 and trading below both its 50-day and 200-day moving averages.
• Institutional investors and hedge funds own 86.44% of the company, with UBS Group notably increasing its position by 610.9% during the fourth quarter.

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

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings lowered shares of Critical Metals from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, July 21st. Texas Capital raised shares of Critical Metals to a "strong-buy" rating in a research note on Thursday, April 16th. Finally, Cantor Fitzgerald began coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Critical Metals has an average rating of "Moderate Buy" and a consensus target price of $18.00.

Critical Metals Stock Down 2.4%

CRML stock opened at $6.77 on Tuesday. Critical Metals has a one year low of $4.66 and a one year high of $32.15. The firm has a 50-day moving average of $8.28 and a two-hundred day moving average of $9.92.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors have recently bought and sold shares of CRML. PNC Financial Services Group Inc. increased its holdings in shares of Critical Metals by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 274,348 shares of the company's stock valued at $1,904,000 after purchasing an additional 137,174 shares during the period. UBS Group AG grew its position in Critical Metals by 610.9% during the fourth quarter. UBS Group AG now owns 2,196,037 shares of the company's stock valued at $15,240,000 after purchasing an additional 1,887,125 shares in the last quarter. Empery Asset Management LP purchased a new position in Critical Metals during the fourth quarter valued at approximately $3,411,000. Moors & Cabot Inc. acquired a new position in Critical Metals in the 4th quarter valued at approximately $108,000. Finally, Leonteq Securities AG acquired a new position in Critical Metals in the 4th quarter valued at approximately $52,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

About Critical Metals

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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