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Piedmont Lithium

Pall

Pall Corporation

NYSE

Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.

Lithium stocks

Commodities

SYAXF

Sayona Mining and Piedmont Lithium merger will create North America&#39;s largest hard rock lithium miner. The new firm will focus on an expansion in Quebec, but Australian assets provide an opportunity for diversification.

Sayona Merges With Piedmont Lithium, Pursues North American Lithium Growth

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Lithium.Shutterstock

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BATT

USGS found massive lithium reserve in Arkansas, enough to supply nation&#39;s green tech transition. Exxon plans to extract it by 2027 with DLE tech.

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EV market shifting as automakers prioritize profit and market share, embrace hybrid powertrains, and adjust to regulatory changes and weak demand.

EV Demand Drops, Investors Scrutinize Battery Stocks: What&#39;s In Store For ChargePoint, EVgo, Piedmont Lithium?

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LITP

Piedmont Lithium reports lower Q2 revenue and EPS, but expects steady production and strong shipments in H2. 

Lithium Producer Piedmont&#39;s Q2 Results Miss Expectations: Focus Shifts to Carolina Lithium

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Regulations

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North Carolina&#39;s Piedmont Lithium project faced at least three years of local opposition over concerns that it could pollute drinking water.

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Sector ETFs

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CPER

Market Vectors Rare Earth/Strategic Metals Etf

REMX

WBAT

Hybrid electric vehicle adoption is reshaping demand for lithium, rare earths, copper, and aluminum. Investors should monitor ETFs like LIT, BATT, and CPER for potential opportunities and challenges.

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AAUKF

GLDG

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North American lithium miners Piedmont Lithium, Lithium Americas, and American Battery Technology will benefit from a surge in EV demand.

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UAMY

U.S. Antimony halts Mexico operations; Piedmont Lithium finds new high-grade zones; Ferroglobe sees positive net cash and more.

US Antimony Halts Mexico Operations; Piedmont Lithium New Discoveries; Ferroglobe Sees Positive Net Cash And More: Wednesday&#39;s Top Mining Stories

Piedmont Lithium Inc

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PLATA LATINA MINERALS CRP by Plata Latina Minerals Corp

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Piedmont Lithium Inc Chess Depository Interest

PALLADON VENTURES LTD NEW by Palladon Ventures Ltd.

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Polarean Imaging PLC

Roth MKM analyst Joe Reagor maintains Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) with a Neutral and lowers the price target from $13 to $8.25.

Price Target

Roth MKM Maintains Neutral on Piedmont Lithium, Lowers Price Target to $8.25

Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) reported quarterly losses of $(0.17) per share which beat the analyst consensus estimate of $(0.50) by 66 percent. This is a 86.18 percent increase over losses of $(1.23) per share from the same period last year. The company reported quarterly sales of $45.600 million which beat the analyst consensus estimate of $33.823 million by 34.82 percent. This is a 723.80 percent increase over sales of $(7.310 million) the same period last year.

Earnings Beats

Piedmont Lithium Q4 2024 Adj. EPS $(0.17) Beats $(0.50) Estimate, Sales $45.600M Beat $33.823M Estimate

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Earnings Scheduled For February 20, 2025

General

Piedmont Posts ~55,700 dmt Of Spodumene Concentrate In Q4

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LITM

SGML

Shares of lithium companies are trading lower. This year, the commodity has experienced an oversupply.

BMO Capital analyst Greg Jones maintains Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) with a Market Perform and raises the price target from $9.5 to $14.

BMO Capital Maintains Market Perform on Piedmont Lithium, Raises Price Target to $14

Piedmont Lithium shares are trading higher after Macquarie upgraded the stock from Underperform to Neutral and announced a price target of $13.5.

Ratings for Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Piedmont Lithium, revealing an average target of $12.97, a high estimate of $31.00, and a low estimate of $7.80. Highlighting a 28.42% decrease, the current average has fallen from the previous average price target of $18.12. 
<img src="https://www.benzinga.com/files/images/story/2024/1732190436_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Piedmont Lithium among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Austin Yun</td>
<td>Macquarie</td>
<td>Announces</td>
<td>Neutral</td>
<td>$13.50</td>
<td>-</td>
</tr>
<tr>
<td>Joe Reagor</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$31.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Greg Jones</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$9.00</td>
<td>$8.50</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$8.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Hayden Bairstow</td>
<td>Macquarie</td>
<td>Announces</td>
<td>Underperform</td>
<td>$7.80</td>
<td>-</td>
</tr>
<tr>
<td>Greg Jones</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$8.50</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Piedmont Lithium. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Piedmont Lithium compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Piedmont Lithium's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Piedmont Lithium's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PLL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Piedmont Lithium analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Piedmont Lithium's Background</h2>
Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.
<h3>Piedmont Lithium's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Piedmont Lithium's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -41.3% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: Piedmont Lithium's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -60.32%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Piedmont Lithium's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.7%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Piedmont Lithium's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.99%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.09, Piedmont Lithium adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Piedmont Lithium Through The Eyes Of 6 Analysts

Macquarie analyst Austin Yun upgrades Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) from Underperform to Neutral and announces $13.5 price target.

Upgrades

Macquarie Upgrades Piedmont Lithium to Neutral, Announces $13.5 Price Target

Trading Halt: Halt status updated at 7:00:00 AM ET: Quotation Resumption: News and Resumption Times

Australia's Sayona Mining (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SYAXF#OTC">SYAXF</a>) and U.S.-based Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) announced a merger.
The two companies intend to form North America's largest hard rock<a href="https://www.benzinga.com/topic/lithium"> lithium producer</a>.
The all-stock deal results from a 50-50 equity split, creating a strengthened entity capable of navigating the challenging lithium market. Pending approval by the shareholders and regulators, the transaction is expected to close in the first half of 2025.
Sayona will become the parent company based in Australia. Its primary listing will be on the ASX and a secondary listing on Nasdaq. Sayona CEO Lucas Dow will lead the merged entity. Piedmont CEO Keith Phillips will be a strategic advisor.
"This merger marks a transformative step for Sayona and Piedmont," Dow <a href="https://wcsecure.weblink.com.au/pdf/SYA/02882580.pdf">said</a>, clarifying the potential for accelerated growth and improved strategic flexibility. 
The combined company would benefit from three feasibility-stage development projects and the opportunity for brownfield expansion at the North American Lithium (NAL) facility in Quebec. 
By consolidating ownership of NAL, the new entity will simplify corporate structures and unlock synergies, including cost savings from optimized logistics and procurement.
The two companies agreed on a merger following a prolonged lithium market downturn owing to oversupply and slower-than-anticipated electric vehicle adoption. Industry challenges have weighed on prices, but the combined company believes its enhanced scale and financial strength will provide resilience.
The new company will control considerable lithium resources, including ore reserves of 70.4 million tons at 1.15% lithium oxide and estimated resources of 153.5 million tons at 1.15% and 51.4 million tons at 1.07%.
Key assets include NAL in Quebec, the Carolina Lithium project in North Carolina, and spodumene assets in Ghana. Management noted the focus on accelerating NAL's brownfield expansion and advancing its other high-potential projects. Still, Sayona's Australian lithium holdings further diversify the portfolio, giving the company an advantage in serving global markets.
The lithium market experienced a severe crash after peaking at over $80,000 per ton in 2022. Still, despite persistent weakness, the market is showing signs of recovery after prices bottomed at $9,800 per ton.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/24/11/42043138/analysts-see-iron-ore-below-100-weak-chinese-demand">Analysts See Iron Ore Below $100, Weak Chinese Demand</a></li>
</ul>
Image: Shutterstock

Creates a leading North American lithium producer and developer
<ul>
<li>Piedmont and Sayona to combine in all-stock merger with ownership split of approximately 50% / 50% on a fully diluted basis immediately post-merger and prior to the conditional equity raising</li>
<li>Creating a leading North American hard rock lithium producer with geographically advantaged spodumene resources of global scale</li>
<li>Simplified corporate structure aligns North American Lithium ("NAL") offtake economics, and removes contractual complexities</li>
<li>Unified ownership of NAL unlocks the potential for a significant brownfield expansion</li>
<li>Combined scale provides strategic flexibility to combine and optimize downstream strategies</li>
<li>Material corporate, logistics, marketing, and procurement synergies</li>
<li>Significantly strengthened balance sheet with two stage equity financing, with post-merger raise led by cornerstone subscription from Resource Capital Fund VIII L.P. ("RCF VIII"), associated with Resource Capital Funds ("RCF"), a critical minerals and mining-focused global investment firm</li>
<li>MergeCo will endeavor to complete an additional equity raise for eligible retail shareholders post-closing</li>
</ul>

Reported Earlier, Piedmont And Sayona Merge To Form North America's Largest Hard Rock Lithium Producer

Trading Halt: Halted at 6:41:55 p.m. ET - Trading Halt: Halt News Pending

Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) reported quarterly losses of $(0.42) per share which beat the analyst consensus estimate of $(0.58) by 27.59 percent. This is a 147.73 percent decrease over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $27.700 million which missed the analyst consensus estimate of $28.189 million by 1.74 percent. This is a 41.22 percent decrease over sales of $47.127 million the same period last year.

Earnings Misses

Piedmont Lithium Q3 2024 Adj. EPS $(0.42) Beats $(0.58) Estimate, Sales $27.700M Miss $28.189M Estimate

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