Analysts Set Piedmont Lithium Inc. (NASDAQ:PLL) Target Price at $96.25

Piedmont Lithium Inc. (NASDAQ:PLLGet Rating) has been given an average recommendation of “Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $96.25.

A number of equities analysts have issued reports on the company. Roth Capital reaffirmed a “buy” rating on shares of Piedmont Lithium in a report on Monday, September 5th. B. Riley upped their target price on Piedmont Lithium from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, October 27th.

Piedmont Lithium Stock Up 1.5 %

Shares of PLL opened at $58.30 on Tuesday. Piedmont Lithium has a 12-month low of $32.08 and a 12-month high of $79.99. The business has a 50-day simple moving average of $57.96 and a two-hundred day simple moving average of $53.43.

Insider Buying and Selling at Piedmont Lithium

In other Piedmont Lithium news, CEO Keith D. Phillips sold 7,324 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $62.64, for a total value of $458,775.36. Following the sale, the chief executive officer now owns 128,982 shares in the company, valued at approximately $8,079,432.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Keith D. Phillips sold 7,324 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $62.64, for a total transaction of $458,775.36. Following the sale, the chief executive officer now owns 128,982 shares in the company, valued at approximately $8,079,432.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Keith D. Phillips sold 6,164 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $56.79, for a total value of $350,053.56. Following the sale, the chief executive officer now owns 120,259 shares in the company, valued at approximately $6,829,508.61. The disclosure for this sale can be found here. Corporate insiders own 1.75% of the company’s stock.

Institutional Investors Weigh In On Piedmont Lithium

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in Piedmont Lithium by 7.9% in the second quarter. Captrust Financial Advisors now owns 2,038 shares of the mineral exploration company’s stock worth $74,000 after acquiring an additional 150 shares in the last quarter. National Bank of Canada FI boosted its holdings in Piedmont Lithium by 108.7% in the first quarter. National Bank of Canada FI now owns 480 shares of the mineral exploration company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Piedmont Lithium by 17.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,670 shares of the mineral exploration company’s stock worth $89,000 after acquiring an additional 250 shares in the last quarter. Citigroup Inc. boosted its holdings in Piedmont Lithium by 112.3% in the first quarter. Citigroup Inc. now owns 620 shares of the mineral exploration company’s stock worth $45,000 after acquiring an additional 328 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Piedmont Lithium by 5.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,581 shares of the mineral exploration company’s stock worth $512,000 after acquiring an additional 484 shares in the last quarter. Institutional investors own 50.01% of the company’s stock.

Piedmont Lithium Company Profile

(Get Rating)

Piedmont Lithium Inc, an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States.

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Analyst Recommendations for Piedmont Lithium (NASDAQ:PLL)

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