5E Advanced Materials (NASDAQ:FEAM) Given New $6.75 Price Target at HC Wainwright

5E Advanced Materials (NASDAQ:FEAM) had its price objective raised by HC Wainwright from $3.50 to $6.75 in a research note issued to investors on Monday, Marketbeat reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. Wall Street Zen upgraded 5E Advanced Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.75.

5E Advanced Materials Trading Up 1.0%

NASDAQ FEAM opened at $3.92 on Monday. The firm’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $1.68. 5E Advanced Materials has a 1 year low of $0.90 and a 1 year high of $7.50. The firm has a market capitalization of $163.27 million, a P/E ratio of -2.65 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. bought a new stake in shares of 5E Advanced Materials during the second quarter worth approximately $4,346,000. Aristides Capital LLC bought a new position in shares of 5E Advanced Materials during the first quarter worth approximately $765,000. Bluescape Energy Partners LLC increased its stake in shares of 5E Advanced Materials by 7.0% during the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after purchasing an additional 533,648 shares during the period. Renaissance Technologies LLC acquired a new stake in 5E Advanced Materials during the 1st quarter worth approximately $268,000. Finally, Potomac Capital Management Inc. acquired a new stake in 5E Advanced Materials during the 4th quarter worth approximately $186,000.

About 5E Advanced Materials

5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.

Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.

The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.