Fintel reports that on April 21, 2023, Roth MKM maintained coverage of Piedmont Lithium (NASDAQ:PLL) with a Buy recommendation.
Analyst Price Forecast Suggests 110.25% Upside
As of April 7, 2023, the average one-year price target for Piedmont Lithium is $111.31. The forecasts range from a low of $85.85 to a high of $157.50. The average price target represents an increase of 110.25% from its latest reported closing price of $52.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Piedmont Lithium is $129MM. The projected annual non-GAAP EPS is $3.44.
What are Other Shareholders Doing?
Vanguard Group holds 934K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 934K shares, representing an increase of 0.04%. The firm decreased its portfolio allocation in PLL by 23.78% over the last quarter.
PRINCIPAL VARIABLE CONTRACTS FUNDS INC - SmallCap Account Class 1 holds 8K shares representing 0.00% ownership of the company. No change in the last quarter.
Householder Group Estate & Retirement Specialist holds 2K shares representing 0.00% ownership of the company. No change in the last quarter.
Alliancebernstein holds 17K shares representing 0.00% ownership of the company. No change in the last quarter.
BBSC - JPMorgan BetaBuilders U.S. Small Cap Equity ETF holds 7K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 6K shares, representing an increase of 14.19%. The firm increased its portfolio allocation in PLL by 6.83% over the last quarter.
What is the Fund Sentiment?
There are 300 funds or institutions reporting positions in Piedmont Lithium. This is an increase of 11 owner(s) or 3.81% in the last quarter. Average portfolio weight of all funds dedicated to PLL is 0.19%, an increase of 77.57%. Total shares owned by institutions decreased in the last three months by 2.36% to 9,869K shares. 
The put/call ratio of PLL is 0.68, indicating a bullish outlook.
Piedmont Lithium Background Information
(This description is provided by the company.)
Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
