Standard Lithium (NYSEAMERICAN:SLI) Coverage Initiated by Analysts at Evercore

Key Points

• Evercore initiated coverage on Standard Lithium with an "outperform" rating and a $4.75 price target (about 28% upside), while BMO also reissued an outperform and the consensus among four analysts is a Buy with a $5.13 average target.
• SLI recently traded at $3.71 with a market cap of roughly $902 million, a negative P/E of -16.86, 50-/200-day moving averages of $3.92/$4.26, and a 12-month range of $1.37–$6.40, trading well below average volume that day.
• Standard Lithium develops direct lithium extraction (DLE) technology to recover battery-grade lithium from brine, with its flagship Smackover Formation project in southern Arkansas conducted in partnership with LANXESS.

Evercore started coverage on shares of Standard Lithium (NYSEAMERICAN:SLI - Get Free Report) in a research report issued on Wednesday, Marketbeat reports. The brokerage set an "outperform" rating and a $4.75 price target on the stock. Evercore's price target points to a potential upside of 28.03% from the stock's previous close.

Separately, BMO Capital Markets reissued an "outperform" rating on shares of Standard Lithium in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Standard Lithium presently has a consensus rating of "Buy" and a consensus target price of $5.13.

Standard Lithium Stock Performance

SLI traded down $0.02 on Wednesday, hitting $3.71. 155,863 shares of the company were exchanged, compared to its average volume of 2,394,294. The stock's fifty day moving average is $3.92 and its 200-day moving average is $4.26. The company has a market cap of $902.12 million, a PE ratio of -16.86 and a beta of 1.81. Standard Lithium has a 12 month low of $1.37 and a 12 month high of $6.40.

Institutional Trading of Standard Lithium

A number of hedge funds have recently modified their holdings of SLI. Aquatic Capital Management LLC acquired a new stake in shares of Standard Lithium during the 3rd quarter worth about $26,000. Bank of America Corp DE lifted its stake in shares of Standard Lithium by 64.4% during the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company's stock worth $30,000 after buying an additional 6,040 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Standard Lithium during the 2nd quarter worth about $36,000. Stone House Investment Management LLC grew its position in shares of Standard Lithium by 734.3% in the fourth quarter. Stone House Investment Management LLC now owns 8,343 shares of the company's stock valued at $37,000 after purchasing an additional 7,343 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Standard Lithium in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 16.70% of the company's stock.

About Standard Lithium

Standard Lithium NYSEAMERICAN: SLI is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium's technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company's flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.

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