NASDAQ:PLL

Piedmont Lithium (PLL) Stock Forecast, Price & News

$61.11

-1.20 (-1.93%)

(As of 06/9/2023 ET)

Compare

Today's Range: $59.60
▼
$62.00
50-Day Range: $51.34
▼
$63.65
52-Week Range: $32.08
▼
$76.78

Volume: 322,369 shs
Average Volume: 327,195 shs
Market Capitalization: $1.17 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $133.50

Piedmont Lithium MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 118.5% Upside
$133.50 Price Target
Short Interest: Bearish
12.30% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.87
Based on 5 Articles This Week
Insider Trading: Selling Shares
$77,631 Sold Last Quarter
Proj. Earnings Growth: 170.43%
From $6.29 to $17.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Basic Materials Sector

70th out of 165 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

7th out of 19 stocks

3.5

Analyst's Opinion

Consensus Rating
Piedmont Lithium has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $133.50, Piedmont Lithium has a forecasted upside of 118.5% from its current price of $61.11.
Amount of Analyst Coverage
Piedmont Lithium has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
12.30% of the outstanding shares of Piedmont Lithium have been sold short.
Short Interest Ratio / Days to Cover
Piedmont Lithium has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Piedmont Lithium has recently decreased by 3.67%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Piedmont Lithium does not currently pay a dividend.
Dividend Growth
Piedmont Lithium does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLL.

3.3

News and Social Media Coverage

News Sentiment
Piedmont Lithium has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Piedmont Lithium this week, compared to 2 articles on an average week.
Search Interest
Only 21 people have searched for PLL on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.
MarketBeat Follows
12 people have added Piedmont Lithium to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Piedmont Lithium insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $77,631.00 in company stock.
Percentage Held by Insiders
Only 1.77% of the stock of Piedmont Lithium is held by insiders.
Percentage Held by Institutions
48.23% of the stock of Piedmont Lithium is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Piedmont Lithium are expected to grow by 170.43% in the coming year, from $6.29 to $17.01 per share.
Price to Book Value per Share Ratio
Piedmont Lithium has a P/B Ratio of 4.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Piedmont Lithium (NASDAQ:PLL) Stock

Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties. The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana. The company is headquartered in Belmont, NC.

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PLL Stock News Headlines

June 8, 2023 | finance.yahoo.com

PLL Jun 2023 40.000 call

June 5, 2023 | americanbankingnews.com

Piedmont Lithium (NASDAQ:PLL) Price Target Raised to $96.00 at DA Davidson

June 10, 2023 | Behind the Markets (Ad)

[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"

The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>

May 30, 2023 | finance.yahoo.com

UPDATE 1-North Carolina seeks more info for Piedmont Lithium mine permit review

May 30, 2023 | americanbankingnews.com

Analyzing Piedmont Lithium (NASDAQ:PLL) and Atlas Energy Solutions (NYSE:AESI)

May 24, 2023 | bizjournals.com

CBJ Buzz: Local restaurant Cowfish hits Yelp list of best burgers; Piedmont Lithium production pushed back

May 24, 2023 | msn.com

Get Rich With These 3 Lithium Stocks on the Rise

May 24, 2023 | americanbankingnews.com

Piedmont Lithium (NASDAQ:PLL) Stock Price Down 2.8%

June 10, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>

May 22, 2023 | finance.yahoo.com

How Much Upside is Left in Piedmont Lithium Inc. (PLL)? Wall Street Analysts Think 103.1%

May 22, 2023 | americanbankingnews.com

Piedmont Lithium Inc. (NASDAQ:PLL) Receives $127.50 Consensus PT from Brokerages

May 13, 2023 | americanbankingnews.com

Michael D. White Sells 1,316 Shares of Piedmont Lithium Inc. (NASDAQ:PLL) Stock

May 7, 2023 | finance.yahoo.com

Institutional investors may adopt severe steps after Piedmont Lithium Inc.'s (ASX:PLL) latest 8.8% drop adds to a year losses

May 5, 2023 | americanbankingnews.com

Head-To-Head Comparison: Atlas Energy Solutions (NYSE:AESI) & Piedmont Lithium (NASDAQ:PLL)

May 3, 2023 | baystreet.ca

There May Not Be Enough Lithium Supply to Meet Global Demand

May 1, 2023 | finance.yahoo.com

Piedmont Lithium (PLL) to Report Q1 Earnings: What's in Store?

April 29, 2023 | americanbankingnews.com

Piedmont Lithium Inc. (NASDAQ:PLL) Receives $127.50 Average Price Target from Brokerages

April 26, 2023 | msn.com

B. Riley Securities Maintains Piedmont Lithium (PLL) Buy Recommendation

April 24, 2023 | nasdaq.com

Notable Monday Option Activity: CROX, PLL, MBI

April 21, 2023 | americanbankingnews.com

Research Analysts Offer Predictions for Piedmont Lithium Inc.'s Q1 2023 Earnings (NASDAQ:PLL)

April 7, 2023 | americanbankingnews.com

Piedmont Lithium (NASDAQ:PLL) Shares Down 4.1%

April 5, 2023 | msn.com

Here’s a top ASX lithium stock pick from a ‘commodity bear’

March 30, 2023 | finanznachrichten.de

Piedmont Lithium Inc.: Sayona Mining and Piedmont Lithium Announce Successful Restart of North American Lithium

March 30, 2023 | finance.yahoo.com

Sayona Mining and Piedmont Lithium Announce Successful Restart of North American Lithium

March 28, 2023 | msn.com

Lithium Stocks Soar after Albemarle’s Bid for Liontown

March 16, 2023 | baystreet.ca

With Lithium Demand Expected to Accelerate, Consider these 5 Stocks

March 9, 2023 | msn.com

Atlantic Lithium soars after rejecting short-seller allegations

See More Headlines

PLL Price History

30 days | 90 days | 365 days | Advanced Chart

PLL Company Calendar

Last Earnings: 5/05/2023
Today: 6/10/2023
Next Earnings (Estimated): 8/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: Industrial Machinery
Sector: Basic Materials
Current Symbol: NASDAQ:PLL
CUSIP: 69642930
CIK: 75829
Web: www.piedmontlithium.com
Phone: (704) 461-8000
Fax: 61-8-9322-6558
Employees: 28
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $133.50
High Stock Price Forecast: $190.00
Low Stock Price Forecast: $96.00
Forecasted Upside/Downside: +118.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-12,980,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -12.77%
Return on Assets: -12.21%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.89
Quick Ratio: 10.89

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $15.01 per share
Price / Book: 4.07

Miscellaneous

Outstanding Shares: 19,180,000
Free Float: 18,843,000
Market Cap: $1.17 billion
Optionable: Not Optionable
Beta: 1.03

Key Executives

Keith D. Phillips
President, Chief Executive Officer & Director

Patrick Brindle
Chief Operating Officer & Executive Vice President

Michael D. White
Chief Financial Officer & Executive Vice President

Bruce Czachor
Secretary, Chief Legal Officer & Executive VP

Krishna McVey
Chief Administrative Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLL Stock - Frequently Asked Questions

Should I buy or sell Piedmont Lithium stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLL shares.
View PLL analyst ratings or view top-rated stocks.
What is Piedmont Lithium's stock price forecast for 2023?: 4 analysts have issued 1-year target prices for Piedmont Lithium's stock. Their PLL share price forecasts range from $96.00 to $190.00. On average, they predict the company's share price to reach $133.50 in the next year. This suggests a possible upside of 118.5% from the stock's current price.
View analysts price targets for PLL or view top-rated stocks among Wall Street analysts.
How have PLL shares performed in 2023?: Piedmont Lithium's stock was trading at $44.02 at the start of the year. Since then, PLL stock has increased by 38.8% and is now trading at $61.11.
View the best growth stocks for 2023 here.
When is Piedmont Lithium's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our PLL earnings forecast.
How were Piedmont Lithium's earnings last quarter?: Piedmont Lithium Inc. (NASDAQ:PLL) announced its earnings results on Friday, May, 5th. The mineral exploration company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by $0.03.
What ETFs hold Piedmont Lithium's stock?: ETFs with the largest weight of Piedmont Lithium (NASDAQ:PLL) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), Sprott Lithium Miners ETF (LITP), Direxion Daily Metal Miners Bull 2X Shares (MNM), VanEck Rare Earth/Strategic Metals ETF (REMX), Invesco WilderHill Clean Energy ETF (PBW), Invesco DWA Basic Materials Momentum ETF (PYZ), Global X Autonomous & Electric Vehicles ETF (DRIV) and Amplify Lithium& Battery Technology ETF (BATT).

What other stocks do shareholders of Piedmont Lithium own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Lithium investors own include NIO (NIO), QUALCOMM (QCOM), Workhorse Group (WKHS), Pfizer (PFE), Tesla (TSLA), Plug Power (PLUG), Sorrento Therapeutics (SRNE), Albemarle (ALB), Enterprise Products Partners (EPD) and Moderna (MRNA).
What is Piedmont Lithium's stock symbol?: Piedmont Lithium trades on the NASDAQ under the ticker symbol "PLL."
Who are Piedmont Lithium's major shareholders?: Piedmont Lithium's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (8.54%), BlackRock Inc. (6.72%), Van ECK Associates Corp (3.43%), Principal Financial Group Inc. (1.73%), Geode Capital Management LLC (1.71%) and Schonfeld Strategic Advisors LLC (0.98%). Insiders that own company stock include Bruce Czachor, David Klanecky, Jeffrey T Armstrong, Keith D Phillips, Krishna Mcvey, Michael A Bless, Michael D White and Patrick Brindle.
View institutional ownership trends.
How do I buy shares of Piedmont Lithium?: Shares of PLL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Piedmont Lithium's stock price today?: One share of PLL stock can currently be purchased for approximately $61.11.
How much money does Piedmont Lithium make?: Piedmont Lithium (NASDAQ:PLL) has a market capitalization of $1.17 billion.
How can I contact Piedmont Lithium?: Piedmont Lithium's mailing address is Level 9 BGC Centre 28 The Esplanade, Perth C3, 6000. The official website for the company is www.piedmontlithium.com. The mineral exploration company can be reached via phone at (704) 461-8000 or via fax at 61-8-9322-6558.

This page (NASDAQ:PLL) was last updated on 6/10/2023 by MarketBeat.com Staff

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