PLL Piedmont Lithium Inc Stock Overview U.S.: Nasdaq

The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana. According to analysts, Piedmont Lithium’s stock has a predicted upside of 153.68% based on their 12-month price targets. Piedmont Lithium Inc., a development stage company, engages in the exploration and development of resource projects 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.

3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Piedmont Lithium in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “buy” PLL shares. According to the issued ratings of 3 analysts in the last year, the consensus rating for Piedmont Lithium stock is Buy based on the current 3 buy ratings for PLL. The average twelve-month price prediction for Piedmont Lithium is $128.75 with a high price target of $184.00 and a low price target of $95.00. This is the first of two Deep Dives screening EV-related stocks. This screen is based on analysts’ ratings and consensus price targets.

Trading & brokers

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Shares of Piedmont Lithium Inc. charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

Piedmont Lithium (PLL)

Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Piedmont Lithium Inc. (PLL) closed the most recent trading day at $43.96, moving -0.33% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 0.57%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Upgrade to MarketBeat All Access to add more stocks calendar spread adjustments to your watchlist. One share of PLL stock can currently be purchased for approximately $44.49. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

‘It’s white gold, it’s the next rush’ – Piedmont Lithium’s Keith Phillips on Canada’s critical mineral sector

The company was incorporated in 2020 and is headquartered in Belmont, North Carolina. Prior to today’s trading, shares of the company had lost 3.06% over the past month. This has lagged the Basic Materials sector’s loss of 0.72% and the S&P 500’s gain of 0.64% in that time.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Piedmont Lithium Expands Senior Leadership

Sign-up to receive the latest news and ratings for Piedmont Lithium and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Keith Phillips of Piedmont Lithium says he’s very bullish on lithium prices in the medium term. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

• MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
• We’d like to share more about how we work and what drives our day-to-day business.
• The technique has proven to be very useful for finding positive surprises.
• Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

According to 5 analysts, the average rating for PLL stock is “Strong Buy.” The 12-month stock price forecast is $128.75, which is an increase of 189.39% from the latest price. Dividend yield allows investors, particularly those interested in dividend-paying stocks,

to compare the relationship between https://1investing.in/ a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties.

• At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
• The monthly returns are then compounded to arrive at the annual return.
• These are established companies that reliably pay dividends.
• 3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Piedmont Lithium in the last twelve months.
• Investors should also note any recent changes to analyst estimates for Piedmont Lithium Inc.These revisions help to show the ever-changing nature of near-term business trends.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google

Privacy Policy and

Terms of Service apply.

In terms of valuation, Piedmont Lithium Inc. is currently trading at a Forward P/E ratio of 8.13. This represents a discount compared to its industry’s average Forward P/E of 10.31. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Investors should also note any recent changes to analyst estimates for Piedmont Lithium Inc.These revisions help to show the ever-changing nature of near-term business trends.

Investors will be hoping for strength from Piedmont Lithium Inc. as it approaches its next earnings release. On that day, Piedmont Lithium Inc. is projected to report earnings of $1.68 per share, which would represent year-over-year growth of 566.67%. (Kitco News) – Piedmont said the funding to support Ewoyaa furthers the company’s strategy to supply crucial lithium resources to U.S. electric vehicle and battery manufacturers. Use these ten stocks to generate a safe and reliable source of investment income.