On average, Wall Street analysts predict that PIEDMONT LITHIUM’s share price could reach $90.67 by Mar 24, 2023. The average PIEDMONT LITHIUM stock price prediction forecasts a potential upside of 24.01% from the current PLL share price of $73.11.
Similarly Is PLL a good investment? successful execution could see PLL emerge as one of the world’s largest lithium chemical producers. » Consensus among analysts on Wall Street is a Strong Buy based on 3 Buys. The average Piedmont Lithium price target of $88.33 implies approximately 74.8% upside potential to current levels.
Is Piedmont lithium a buy? Piedmont Lithium has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Additionally, Is PLL overvalued?
Price to Book Ratio
PB vs Industry: PLL is overvalued based on its PB Ratio (7.8x) compared to the AU Metals and Mining industry average (2.6x).
What is PLL target price?
Stock Price Target PLL
| High | $ 124.00 |
|---|---|
| Median | $ 95.00 |
| Low | $ 85.00 |
| Average | $ 100.43 |
| Current Price | $ 73.11 |
Will Piedmont lithium stock go up? Piedmont Lithium Inc (NASDAQ:PLL)
The 6 analysts offering 12-month price forecasts for Piedmont Lithium Inc have a median target of 95.00, with a high estimate of 124.00 and a low estimate of 85.00. The median estimate represents a +29.82% increase from the last price of 73.18.
Why is Piedmont lithium halted? But five out of seven county officials have now stated they may block or delay the project because Piedmont has failed to inform them about the mine’s potential environmental impacts – including effects on noise, dust, vibrations, water and air quality.
Is Piedmont overvalued? Piedmont Lithium does seem significantly overvalued for what is actually on offer. Being able to process a spodumene derived lithium concentrate into battery material has value, but this much? Spodumene mining itself looks overvalued at this price – this is the marginal source of lithium after all.
Is Lac a good buy?
Lithium Americas Corp.
may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of LAC, demonstrate its potential to underperform the market.
Why is PLL suspended? Piedmont Lithium (ASX:PLL) shares in trading halt after proposed US public offering. Piedmont Lithium Ltd (ASX: PLL) shares have been put into a trading halt after the mining company announced a US public offering.
Why was trading halted on PLL?
It’s due to a capital raising that the company announced this morning. In its request for a trading halt to the ASX, Piedmont stated that “the trading halt is requested on connection with a proposed capital raising to be undertaken by way of a U.S. public offering of the Company’s shares”.
What does Piedmont lithium do? Who is Piedmont Lithium? Piedmont Lithium is developing a world-class integrated lithium business in the United States, enabling the transition to a net zero world and the creation of a clean energy economy in America.
Why is PLL not trading?
The company now in full damage control, announcing a trading halt after shares fell 21.03% today. CEO Kieth Phillips is set to address the commission tonight around plans to apply for a state mining permit this summer, begin construction in April 2022 and be in production by the second half of 2023.
Why is Piedmont lithium stock dropping?
Why? The most logical conclusion is that investors are reacting negatively to Piedmont’s Form 6-K, filed with the SEC today, in which the company advises that its board of directors has voted unanimously in favor of redomiciling (i.e. moving the headquarters) to the United States.
When did PLL go public? Trading commenced in the U.S. on May 7, 2018 under the ticker symbol « PLLL ». Each ADR represents 100 ordinary shares in the Company. The Company’s ordinary shares will continue to trade on the Australian Stock Exchange under the symbol « PLL ».
Is Lithium Americas a buy? Lithium Americas has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Is Lithium Americas a good stock?
Lithium Americas Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Lithium Americas Corp.
Why is lithium going down? Despite the fact that lithium demand is expected to explode over the coming years with demand for electric vehicles projected to skyrocket, the metal’s prices in 2019 have been falling due to an oversupply problem caused by an avalanche of new lithium supplies.
Where does Tesla get its lithium?
Tesla also has a lithium supply deal with China-based Ganfeng Lithium (SHE: 002460), which grants the automaker a three-year supply of battery-grade lithium, starting in 2022.
Who owns lithium Australia? The company’s lithium assets at Olaroz are owned by Sales de Jujuy, an Argentine company, which Orocobre has a 66.5 percent stake. The remaining partners on the project are Toyota Tsusho Corporation, who owns 22.5 percent and Jujuy Energia, 8.5 percent.
Is there lithium in North Carolina?
North Carolina hub. Mining of the ultralight mineral is not new to Gaston County. What geologists call the Carolina Tin-Spodumene Belt, a known deposit of lithium, runs through the county in a thin north-south line.
What is the price of lithium today?
| Price | Day | |
|---|---|---|
| Copper | 4.75 | -0.39% |
| Steel | 5,115.00 | 0% |
| Iron Ore | 154.00 | 0% |
| Lithium | 496,500.00 | 0% |
Who owns PLL stock? Top 10 Owners of Piedmont Lithium Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 3.58% | 567,912 |
| Invesco Capital Management LLC | 2.78% | 440,891 |
| Merewether Investment Management … | 1.87% | 297,120 |
| BlackRock Fund Advisors | 1.68% | 266,867 |
Is Piedmont lithium an American company?
Piedmont Lithium is an Australian mining company currently in the process of proving economic mineral recovery of lithium in North Carolina.
