Zacks: Piedmont Lithium Limited (NASDAQ:PLL) Receives Consensus Rating of “Strong Buy” from Analysts

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Piedmont Lithium Limited (NASDAQ:PLL) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $28.00 for the company, according to Zacks. Zacks has also assigned Piedmont Lithium an industry rank of 99 out of 255 based on the ratings given to related companies.

Several research analysts recently commented on the company. ValuEngine cut Piedmont Lithium from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded Piedmont Lithium from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th.

Shares of NASDAQ PLL traded up $0.40 on Friday, hitting $8.80. The company had a trading volume of 4,700 shares, compared to its average volume of 6,359. Piedmont Lithium has a 12-month low of $6.05 and a 12-month high of $14.00. The business has a 50 day moving average of $8.83 and a two-hundred day moving average of $8.04. The firm has a market capitalization of $56.41 million, a P/E ratio of -5.57 and a beta of 1.62.

Piedmont Lithium Company Profile

Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States. It primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 1,092 acres in the Carolina Lithium Belt, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017.

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