Q4 EPS Estimate for Piedmont Lithium Increased by Analyst

Piedmont Lithium Inc. (NASDAQ:PLL - Free Report) - Analysts at Roth Capital upped their Q4 2025 earnings estimates for Piedmont Lithium in a report released on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the mineral exploration company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.03. The consensus estimate for Piedmont Lithium's current full-year earnings is ($2.66) per share.

A number of other research firms also recently issued reports on PLL. BMO Capital Markets increased their price objective on Piedmont Lithium from $8.50 to $9.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. B. Riley decreased their price target on shares of Piedmont Lithium from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Macquarie cut shares of Piedmont Lithium from a "neutral" rating to an "underperform" rating and set a $7.80 price objective on the stock. in a report on Wednesday, October 16th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $8.00 target price (down from $9.00) on shares of Piedmont Lithium in a report on Monday, October 21st. Finally, Roth Mkm reissued a "buy" rating and issued a $31.00 price target (down from $40.00) on shares of Piedmont Lithium in a research report on Wednesday, October 30th. Two investment 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, the company has an average rating of "Hold" and a consensus target price of $22.26.

Piedmont Lithium Stock Down 10.5 %

Shares of PLL traded down $1.40 on Thursday, reaching $11.95. The stock had a trading volume of 805,164 shares, compared to its average volume of 710,982. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.32 and a current ratio of 1.99. Piedmont Lithium has a 12-month low of $6.57 and a 12-month high of $31.82. The firm has a market capitalization of $232.19 million, a price-to-earnings ratio of -2.93 and a beta of 0.74. The company has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $10.97.

Piedmont Lithium (NASDAQ:PLL - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The mineral exploration company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.40). The business had revenue of $27.66 million during the quarter, compared to analyst estimates of $32.91 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLL. HITE Hedge Asset Management LLC bought a new position in Piedmont Lithium during the second quarter valued at approximately $1,484,000. Raymond James & Associates purchased a new position in shares of Piedmont Lithium in the 2nd quarter worth $1,472,000. Boston Partners grew its holdings in shares of Piedmont Lithium by 154.5% in the first quarter. Boston Partners now owns 170,097 shares of the mineral exploration company's stock worth $2,266,000 after acquiring an additional 103,273 shares during the period. Marshall Wace LLP purchased a new stake in Piedmont Lithium during the second quarter valued at $874,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Piedmont Lithium during the second quarter valued at $723,000. 52.23% of the stock is owned by institutional investors.

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.