Piedmont Lithium (PLL) Expected to Announce Earnings on Thursday

Piedmont Lithium (NASDAQ:PLL - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.43) per share and revenue of $52.60 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Piedmont Lithium (NASDAQ:PLL - Get Free Report) last posted its earnings results on Thursday, February 20th. The mineral exploration company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.12). The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $52.60 million. Piedmont Lithium had a negative net margin of 64.84% and a negative return on equity of 17.74%. On average, analysts expect Piedmont Lithium to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Piedmont Lithium Stock Performance

Shares of NASDAQ PLL traded down $0.35 during mid-day trading on Friday, hitting $8.15. The company had a trading volume of 318,138 shares, compared to its average volume of 228,755. Piedmont Lithium has a 12 month low of $6.57 and a 12 month high of $17.66. The stock has a market cap of $158.44 million, a price-to-earnings ratio of -2.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.23 and a quick ratio of 1.99. The firm's 50 day simple moving average is $8.80 and its two-hundred day simple moving average is $9.90.

Insider Activity at Piedmont Lithium

In other news, CEO Keith D. Phillips sold 41,867 shares of Piedmont Lithium stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $12.31, for a total transaction of $515,382.77. Following the transaction, the chief executive officer now directly owns 170,616 shares in the company, valued at approximately $2,100,282.96. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PLL. Roth Mkm cut their target price on Piedmont Lithium from $13.00 to $8.25 and set a "neutral" rating on the stock in a research note on Friday. Roth Capital downgraded shares of Piedmont Lithium from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Piedmont Lithium from $9.50 to $14.00 and gave the company a "market perform" rating in a research note on Friday, November 29th. Finally, Macquarie upgraded shares of Piedmont Lithium from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.63.

Piedmont Lithium Company Profile

Piedmont Lithium Inc, a development 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 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.