Piedmont Lithium (PLL) Scheduled to Post Quarterly Earnings on Tuesday

Piedmont Lithium (NASDAQ:PLL - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Piedmont Lithium to post earnings of ($0.46) per share for the quarter. Individual 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 announced its quarterly earnings results on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.53). The company had revenue of $13.23 million for the quarter, compared to the consensus estimate of $14.89 million. During the same period in the prior year, the business earned ($0.55) earnings per share. On average, analysts expect Piedmont Lithium to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Piedmont Lithium Stock Performance

Shares of NASDAQ PLL traded up $0.14 during trading on Tuesday, reaching $13.49. 627,581 shares of the company traded hands, compared to its average volume of 704,480. The stock has a market capitalization of $262.11 million, a PE ratio of -6.74 and a beta of 0.74. The firm has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.91. Piedmont Lithium has a 52-week low of $6.57 and a 52-week high of $31.82. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Several brokerages recently commented on PLL. Roth Mkm reaffirmed a "buy" rating and issued a $31.00 price objective (down previously from $40.00) on shares of Piedmont Lithium in a report on Wednesday, October 30th. Macquarie cut shares of Piedmont Lithium from a "neutral" rating to an "underperform" rating and set a $7.80 target price for the company. in a report on Wednesday, October 16th. B. Riley dropped their price target on shares of Piedmont Lithium from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $8.00 target price (down from $9.00) on shares of Piedmont Lithium in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their price target on Piedmont Lithium from $8.50 to $9.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Piedmont Lithium presently has a consensus rating of "Hold" and a consensus price target of $22.26.

About Piedmont Lithium

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.