Piedmont Lithium (PLL) to Release Quarterly Earnings on Tuesday

Piedmont Lithium (NASDAQ:PLL) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Piedmont Lithium (NASDAQ:PLL) last issued its quarterly earnings results on Thursday, August 8th. The mineral exploration company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.53). The company had revenue of $13.23 million during the quarter, compared to analyst estimates of $14.89 million. During the same quarter in the prior year, the company 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 Price Performance

NASDAQ PLL traded up $0.39 during midday trading on Tuesday, hitting $13.74. The company had a trading volume of 333,029 shares, compared to its average volume of 703,104. The firm has a 50-day moving average price of $10.12 and a 200-day moving average price of $10.91. The company has a market capitalization of $266.97 million, a PE ratio of -6.42 and a beta of 0.74. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. Piedmont Lithium has a twelve month low of $6.57 and a twelve month high of $31.82.

Analyst Ratings Changes

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