Critical Metals (CRML) Projected to Release Earnings on Wednesday

Key Points

• Critical Metals is expected to report earnings on Wednesday, September 2. Analysts forecast a quarterly loss of $0.07 per share and revenue of approximately $6 million.
• CRML opened at $8.10, below its 200-day moving average of $9.25, and has traded between $5.11 and $32.15 over the past year.
• Institutional investors own 86.44% of the company’s stock. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $18.00, although recent ratings have included downgrades to “Hold” and “Sell.”

Critical Metals (NASDAQ:CRML - Get Free Report) is expected to be issuing its resultson Wednesday, September 2nd. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $6.00 million for the quarter.

Critical Metals Price Performance

CRML stock opened at $8.10 on Wednesday. The company's fifty day moving average price is $7.60 and its 200-day moving average price is $9.25. Critical Metals has a one year low of $5.11 and a one year high of $32.15.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Saba Capital Management L.P. bought a new position in Critical Metals during the 4th quarter worth about $69,000. Howe & Rusling Inc. bought a new stake in shares of Critical Metals in the 4th quarter valued at about $70,000. The Manufacturers Life Insurance Company bought a new stake in shares of Critical Metals in the 4th quarter valued at about $89,000. Brooklyn Investment Group bought a new stake in shares of Critical Metals in the 4th quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Critical Metals by 288.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company's stock worth $63,000 after purchasing an additional 13,061 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CRML. Weiss Ratings cut shares of Critical Metals from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, July 21st. 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 price objective for the company. Finally, Freedom Capital lowered Critical Metals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.00.

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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