Analyst Scoreboard: 5 Ratings For Piedmont Lithium

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Piedmont Lithium PLL in the last three months.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $29.06, a high estimate of $61.00, and a low estimate of $9.30. A 35.42% drop is evident in the current average compared to the previous average price target of $45.00.

Deciphering Analyst Ratings: An In-Depth Analysis

The analysis of recent analyst actions sheds light on the perception of Piedmont Lithium by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Piedmont Lithium. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Piedmont Lithium compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Piedmont Lithium's stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Piedmont Lithium's market standing. Stay informed and make well-considered decisions with our Ratings Table.

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Discovering Piedmont Lithium: A Closer Look

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.

Piedmont Lithium: Financial Performance Dissected

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Challenges: Piedmont Lithium's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.3%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.

Net Margin: Piedmont Lithium's net margin excels beyond industry benchmarks, reaching -100.79%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Piedmont Lithium's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.37%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.95%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Piedmont Lithium's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.