Streetbeat News

PLL

Piedmont Lithium Inc.

https://www.piedmontlithium.com

Industry

Industrial Materials

Piedmont Lithium Inc., an exploration 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 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Piedmont Lithium Inc. is headquartered in Belmont, North Carolina.

Open

12.67

Mkt cap

239M

Volume

416K

High

13.10

P/E Ratio

-6.06

52-wk high

31.82

Low

12.27

Div yield

N/A

52-wk low

6.57

Piedmont Lithium has received a Mine Operating Permit from the Minerals Commission of Ghana for the Ewoyaa Lithium Project, a joint venture in Ghana.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:55 am

Piedmont Lithium has announced an at-market issuance sales agreement to sell up to $50 million of its common stock. This move is likely aimed at raising capital for its operations and projects.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:10 pm

Piedmont Lithium has received an environmental permit from Ghana's EPA for the Ewoyaa Lithium Project, developed in partnership with Atlantic Lithium. Piedmont has also increased its stake in the project, aiming for a 50% equity interest.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:53 am

Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:18 pm

BMO Capital analyst Greg Jones maintains a Market Perform rating on Piedmont Lithium (NASDAQ:PLL) but lowers the price target from $15 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:55 am

The EV market is experiencing a slowdown, impacting battery and charging stocks like ChargePoint, EVgo, Piedmont Lithium, and Lithium Americas. Investors are scrutinizing these stocks as automakers shift focus to hybrid vehicles. Regulatory changes and capacity plans are key future catalysts.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 1:44 pm

In the last three months, 5 analysts have published ratings on Piedmont Lithium (NASDAQ:PLL), ranging from bullish to indifferent. The average 12-month price target has dropped by 35.42% to $29.06. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 9:01 pm

B. Riley Securities analyst Matthew Key maintains a Buy rating on Piedmont Lithium (NASDAQ:PLL) but lowers the price target from $26 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:12 pm

Macquarie analyst Hayden Bairstow has downgraded Piedmont Lithium (NASDAQ:PLL) from Outperform to Neutral and set a price target of $9.3.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:41 am

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Piedmont Lithium (NASDAQ:PLL) but has lowered the price target from $61 to $40.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:39 pm

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