Piedmont Lithium - PLL Stock Forecast, Price & News

Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Piedmont Lithium Inc. is headquartered in Belmont, North Carolina.

Piedmont Lithium Price Performance

Shares of Piedmont Lithium stock opened at $47.14 on Monday. Piedmont Lithium has a 12 month low of $32.08 and a 12 month high of $79.99. The stock's fifty day simple moving average is $44.49 and its 200 day simple moving average is $54.93.

Piedmont Lithium (NASDAQ:PLL - Get Rating) last announced its earnings results on Friday, May 6th. The mineral exploration company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.17). As a group, research analysts anticipate that Piedmont Lithium will post -1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLL has been the subject of a number of recent analyst reports. Cowen started coverage on shares of Piedmont Lithium in a research report on Monday, May 23rd. They set an "outperform" rating for the company. Cowen began coverage on Piedmont Lithium in a research report on Monday, May 23rd. They set an "outperform" rating and a $90.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $96.00.

Insiders Place Their Bets

In other Piedmont Lithium news, Director Jeffrey T. Armstrong purchased 2,500 shares of the business's stock in a transaction on Wednesday, June 29th. The shares were purchased at an average cost of $38.27 per share, with a total value of $95,675.00. Following the transaction, the director now directly owns 33,969 shares of the company's stock, valued at approximately $1,299,993.63. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Jeffrey T. Armstrong purchased 2,500 shares of Piedmont Lithium stock in a transaction dated Wednesday, June 29th. The shares were bought at an average cost of $38.27 per share, for a total transaction of $95,675.00. Following the purchase, the director now owns 33,969 shares in the company, valued at approximately $1,299,993.63. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith D. Phillips sold 3,944 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $50.07, for a total transaction of $197,476.08. Following the sale, the chief executive officer now directly owns 101,544 shares of the company's stock, valued at approximately $5,084,308.08. The disclosure for this sale can be found here. Insiders own 1.75% of the company's stock.