5E Advanced Materials (NASDAQ:FEAM) Stock Bumped Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of 5E Advanced Materials (NASDAQ:FEAM) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on FEAM. HC Wainwright boosted their target price on 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a research report on Monday, October 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.75.

5E Advanced Materials Price Performance

FEAM stock opened at $3.64 on Friday. The company has a 50 day moving average price of $2.09 and a 200 day moving average price of $1.73. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The stock has a market capitalization of $151.61 million, a PE ratio of -2.46 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings data on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.18.

Institutional Trading of 5E Advanced Materials

Institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new position in shares of 5E Advanced Materials in the 2nd quarter valued at $4,346,000. Bluescape Energy Partners LLC boosted its position in shares of 5E Advanced Materials by 7.0% in the 4th 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 last quarter. Aristides Capital LLC bought a new position in shares of 5E Advanced Materials in the 1st quarter worth $765,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of 5E Advanced Materials during the first quarter worth $268,000.

5E Advanced Materials Company Profile

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.