Critical Metals (NASDAQ:CRML) Shares Gap Up - What's Next?

Key Points

• Critical Metals shares opened higher, rising from a prior close of $7.36 to $7.82 before trading around $7.44 on volume of roughly 2.23 million shares.
• Analyst sentiment is mixed: Freedom Capital downgraded the stock to “hold,” while Cantor Fitzgerald initiated a “speculative buy” rating with an $18 price target. MarketBeat’s consensus rating is “Moderate Buy,” with an $18 target price.
• Institutional ownership stands at 86.44%, with several major investors—including Bank of America, California State Teachers Retirement System, and Corient Private Wealth—recently increasing their positions.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $7.36, but opened at $7.82. Critical Metals shares last traded at $7.4430, with a volume of 2,232,737 shares.

Analyst Ratings Changes

CRML has been the subject of several recent analyst reports. Freedom Capital lowered Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Cantor Fitzgerald initiated coverage on Critical Metals in a report on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price target on the stock. Finally, Weiss Ratings cut 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 given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Critical Metals Trading Up 0.3%

The business's fifty day moving average is $7.26 and its 200-day moving average is $9.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRML. Corient Private Wealth LP raised its holdings in shares of Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company's stock worth $1,400,000 after purchasing an additional 82,815 shares during the period. California State Teachers Retirement System grew its holdings in Critical Metals by 163.3% during the second quarter. California State Teachers Retirement System now owns 8,374 shares of the company's stock valued at $817,000 after purchasing an additional 5,194 shares during the period. Bank of America Corp DE increased its position in Critical Metals by 327.5% in the first quarter. Bank of America Corp DE now owns 229,907 shares of the company's stock worth $1,825,000 after buying an additional 176,123 shares during the last quarter. Royal Bank of Canada increased 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 buying an additional 6,002 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Critical Metals by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company's stock valued at $116,000 after buying an additional 1,829 shares during the period. 86.44% of the stock is owned by institutional investors.

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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