5E Advanced Materials (NASDAQ:FEAM) Price Target Lowered to $12.00 at Maxim Group

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) had its target price reduced by stock analysts at Maxim Group from $23.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Maxim Group's price target indicates a potential upside of 167.86% from the stock's current price.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Saturday, February 1st.

5E Advanced Materials Price Performance

Shares of FEAM traded up $0.18 during mid-day trading on Wednesday, hitting $4.48. The company's stock had a trading volume of 22,972 shares, compared to its average volume of 15,572. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 35.91. 5E Advanced Materials has a 1-year low of $3.60 and a 1-year high of $57.04. The firm has a market capitalization of $13.44 million, a P/E ratio of -0.18 and a beta of 1.57. The firm has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $12.53.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. Analysts predict that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC increased its holdings in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,922 shares of the company's stock after buying an additional 51,668 shares during the period. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 as of its most recent SEC filing.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.