Should I buy or sell Piedmont Lithium stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PLL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLL, but not buy additional shares or sell existing shares. View PLL analyst ratings or view top-rated stocks .

What is Piedmont Lithium's stock price target for 2024?

7 analysts have issued twelve-month price targets for Piedmont Lithium's stock. Their PLL share price targets range from $15.00 to $184.00. On average, they predict the company's stock price to reach $65.67 in the next twelve months. This suggests a possible upside of 386.1% 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 2024?

Piedmont Lithium's stock was trading at $28.23 at the start of the year. Since then, PLL stock has decreased by 52.1% and is now trading at $13.51. View the best growth stocks for 2024 here .

Are investors shorting Piedmont Lithium?

Piedmont Lithium saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,580,000 shares, a decrease of 19.4% from the March 15th total of 3,200,000 shares. Based on an average trading volume of 676,900 shares, the short-interest ratio is presently 3.8 days. View Piedmont Lithium's Short Interest .

When is Piedmont Lithium's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our PLL earnings forecast .

How were Piedmont Lithium's earnings last quarter?

Piedmont Lithium Inc. (NASDAQ:PLL) announced its quarterly earnings results on Thursday, February, 22nd. The mineral exploration company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $1.61. The mineral exploration company had revenue of ($7.31) million for the quarter, compared to the consensus estimate of $32.76 million.

What ETFs hold Piedmont Lithium's stock?

ETFs with the largest weight of Piedmont Lithium (NASDAQ:PLL) stock in their portfolio include Direxion Daily Metals & Mining Bull 2X Shares (MNM) , Invesco WilderHill Clean Energy ETF (PBW) , iShares Lithium Miners and Producers ETF (ILIT) , Sprott Lithium Miners ETF (LITP) , VanEck Rare Earth/Strategic Metals ETF (REMX) and ALPS Clean Energy ETF (ACES) . Global X Lithium & Battery Tech ETF (LIT) .

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) .

Who are Piedmont Lithium's major shareholders?

Piedmont Lithium's stock is owned by a number of institutional and retail investors. Top institutional investors include GAMMA Investing LLC (0.01%). Insiders that own company stock include Bruce Czachor , Claude Demby, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PLL

Piedmont Lithium (PLL) Stock Price, News & Analysis

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Free PLL Stock Alerts

$13.31

-0.20 (-1.48%)

(As of 10:39 AM ET)

Compare

Today's Range: $12.38
▼
$13.56
50-Day Range: $11.83
▼
$15.43
52-Week Range: $11.27
▼
$65.72

Volume: 260,095 shs
Average Volume: 787,596 shs
Market Capitalization: $257.68 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $65.67

Get Piedmont Lithium alerts:

Piedmont Lithium MarketRank™ Stock Analysis

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 386.1% Upside
$65.67 Price Target
Short Interest: Healthy
13.33% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.46
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.43) to $0.74 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.19 out of 5 stars

Basic Materials Sector

68th out of 170 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

7th out of 18 stocks

4.2

Analyst's Opinion

Consensus Rating
Piedmont Lithium has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Piedmont Lithium has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
13.33% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Piedmont Lithium has recently decreased by 19.38%, indicating that investor sentiment is improving significantly.

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.

1.9

News and Social Media Coverage

News Sentiment
Piedmont Lithium has a news sentiment score of 0.46. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Piedmont Lithium this week, compared to 2 articles on an average week.
Search Interest
Only 12 people have searched for PLL on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Piedmont Lithium to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Piedmont Lithium insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.77% of the stock of Piedmont Lithium is held by insiders.
Percentage Held by Institutions
52.23% of the stock of Piedmont Lithium is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Piedmont Lithium are expected to grow in the coming year, from ($0.43) to $0.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Piedmont Lithium is -11.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Piedmont Lithium is -11.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Piedmont Lithium has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Piedmont Lithium Stock (NASDAQ:PLL)

Piedmont Lithium Inc., a development 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 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States. It also owns a real property of approximately 5 acres in Bessemer City, North Carolina; and 61-acre property in Kings Mountain, North Carolina. The company was founded in 2016 and is headquartered in Belmont, North Carolina.

PLL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PLL Stock News Headlines

April 18, 2024 | nasdaq.com

Piedmont Secures Mining Permit for Carolina Lithium Project

April 17, 2024 | americanbankingnews.com

Piedmont Lithium (NASDAQ:PLL) Receives Buy Rating from DA Davidson

April 18, 2024 | DTI (Ad)

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April 15, 2024 | finance.yahoo.com

UPDATE 5-Tesla supplier Piedmont Lithium gets key North Carolina mining permit

April 15, 2024 | markets.businessinsider.com

Why Piedmont Lithium Shares Are Surging Today

April 15, 2024 | marketwatch.com

Piedmont Lithium Shares Rise On Mining Permit Approval for N.C. Project

April 15, 2024 | msn.com

Piedmont Lithium surges after winning permit for North Carolina mining project

April 15, 2024 | reuters.com

Piedmont Lithium gets mining permit for North Carolina project

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April 15, 2024 | businesswire.com

Piedmont Lithium Receives Mining Permit Approval for Carolina Lithium

April 14, 2024 | msn.com

Top 10 at 10: Piedmont gets green light to build ‘one of the lowest cost, most sustainable lithium hydroxide operations in the world’

April 13, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Piedmont Lithium Inc. Lowered by Analyst (NASDAQ:PLL)

April 9, 2024 | marketwatch.com

Piedmont Lithium to Continue Support of North American Lithium JV

April 9, 2024 | businesswire.com

Strategic Review Supports Continued Production Ramp-Up at North American Lithium

April 8, 2024 | investorplace.com

3 Lithium Stocks to Turn $100,000 Into $1 Million: April 2024

April 5, 2024 | investorplace.com

7 Battery Stocks to Buy Before the Next Big Rally

April 4, 2024 | investorplace.com

The 3 Best Lithium Stocks to Buy in April 2024

April 3, 2024 | investorplace.com

The 3 Best Nasdaq Stocks to Buy in April 2024

March 26, 2024 | au.finance.yahoo.com

With Affinity acquisition, Canva should be able to compete better with Adobe's creative tools

March 26, 2024 | msn.com

All eyes on monthly inflation data as economy slows

March 26, 2024 | investorplace.com

3 Lithium Stocks to Buy for the Next Bull Run: March 2024

March 25, 2024 | finance.yahoo.com

Piedmont Lithium Inc. (ASX:PLL) is favoured by institutional owners who hold 54% of the company

March 22, 2024 | investorplace.com

7 Lithium Stocks Ready for a Major Comeback

March 18, 2024 | investorplace.com

From Six Figures to Seven: 3 Lithium Stocks Set to Make Millionaires

March 18, 2024 | businesswire.com

Piedmont Lithium Appoints New Board Director

March 18, 2024 | investorplace.com

Battery Boom Beneficiaries: 3 Lithium Stocks to Buy Before They Double

March 16, 2024 | ca.finance.yahoo.com

PLL Apr 2024 15.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/03/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Basic Materials
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: Industrial Machinery
Current Symbol: NASDAQ:PLL
CUSIP: 69642930
CIK: 75829
Web: www.piedmontlithium.com
Phone: (704) 461-8000
Fax: 61-8-9322-6558
Employees: 63
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $65.67
High Stock Price Target: $184.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +398.6%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-21,780,000.00
Net Margins: N/A
Pretax Margin: -46.89%
Return on Equity: -7.79%
Return on Assets: -7.09%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.84
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $39.82 million
Price / Sales: 6.40
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $17.30 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 19,360,000
Free Float: 19,018,000
Market Cap: $254.97 million
Optionable: Optionable
Beta: 0.77

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Key Executives

Mr. Keith Douglas Phillips B.Com. (Age 63)
H.B.Com, MBA, MD, CEO, President & Director
Comp: $1.81M
Mr. Michael D. White (Age 51)
Executive VP & CFO
Comp: $758.03k
Mr. Patrick H. Brindle (Age 47)
Executive VP & COO
Comp: $945.53k
Mr. Bruce Czachor (Age 62)
Executive VP, Chief Legal Officer & Secretary
Comp: $758.03k
Mr. Austin D. Devaney (Age 57)
Executive VP & Chief Commercial Officer
Comp: $505.53k
Mr. Todd William Hannigan B. Eng (Hons) (Age 51)
B.E., M.B.A., Technical Advisor
Comp: $31.25k
Ms. Erin Sanders
Senior Vice President of Corporate Communications & IR
Mr. James Griffiths
Senior Vice President of Corporate Development & Treasury
Mr. Lamont Leatherman (Age 58)
Chief Geologist
Comp: $285.44k
Mr. Nick L. Fouche (Age 57)
Senior Vice President of Capital Projects

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLL Stock Analysis - Frequently Asked Questions

Should I buy or sell Piedmont Lithium stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PLL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLL, but not buy additional shares or sell existing shares.
View PLL analyst ratings or view top-rated stocks.
What is Piedmont Lithium's stock price target for 2024?: 7 analysts have issued twelve-month price targets for Piedmont Lithium's stock. Their PLL share price targets range from $15.00 to $184.00. On average, they predict the company's stock price to reach $65.67 in the next twelve months. This suggests a possible upside of 386.1% 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 2024?: Piedmont Lithium's stock was trading at $28.23 at the start of the year. Since then, PLL stock has decreased by 52.1% and is now trading at $13.51.
View the best growth stocks for 2024 here.
Are investors shorting Piedmont Lithium?: Piedmont Lithium saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,580,000 shares, a decrease of 19.4% from the March 15th total of 3,200,000 shares. Based on an average trading volume of 676,900 shares, the short-interest ratio is presently 3.8 days.
View Piedmont Lithium's Short Interest.
When is Piedmont Lithium's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our PLL earnings forecast.
How were Piedmont Lithium's earnings last quarter?: Piedmont Lithium Inc. (NASDAQ:PLL) announced its quarterly earnings results on Thursday, February, 22nd. The mineral exploration company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $1.61. The mineral exploration company had revenue of ($7.31) million for the quarter, compared to the consensus estimate of $32.76 million.

What ETFs hold Piedmont Lithium's stock?: ETFs with the largest weight of Piedmont Lithium (NASDAQ:PLL) stock in their portfolio include Direxion Daily Metals & Mining Bull 2X Shares (MNM), Invesco WilderHill Clean Energy ETF (PBW), iShares Lithium Miners and Producers ETF (ILIT), Sprott Lithium Miners ETF (LITP), VanEck Rare Earth/Strategic Metals ETF (REMX) and ALPS Clean Energy ETF (ACES).Global X Lithium & Battery Tech ETF (LIT).
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).
Who are Piedmont Lithium's major shareholders?: Piedmont Lithium's stock is owned by a number of institutional and retail investors. Top institutional investors include GAMMA Investing LLC (0.01%). Insiders that own company stock include Bruce Czachor, Claude Demby, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PLL) was last updated on 4/18/2024 by MarketBeat.com Staff

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