Why is the Piedmont lithium share price in a trading halt?
Apr 03, 2022 · Piedmont Lithium's stock was trading at $6.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PLL stock has increased by 930.4% and is now trading at $65.84.
What does Piedmont lithium do?
Apr 13, 2022 · Piedmont Lithium stock price target raised to $92 from $84 at J.P. Morgan. Mar. 24, 2022 at 7:16 a.m. ET by Tomi Kilgore. Piedmont Lithium Shares Drop 11% After Public Offering Prices ...
Should you buy Piedmont stock after 19% drop Thursday?
Mar 04, 2021 · What happened Shares of Australian lithium mining company Piedmont Lithium ( PLL ), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares...
Is Piedmont lithium a buy on the way to electric vehicle boom?
Mar 24, 2021 · What happened Shares of Australian -- soon to be American -- mining company Piedmont Lithium ( PLL ) were trading down by as much as 23.5% on Wednesday morning after management announced plans to...
Will Piedmont Lithium stock go up?
Stock Price Forecast 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 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.Mar 4, 2021
Is Piedmont Lithium stock 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.
Is Piedmont Lithium overvalued?
If you take the view that the lithium price is going to rise significantly, then of course any lithium miner looks like a good bet. Absent that view, I would suggest that Piedmont is overvalued for what it is....Related Stocks.SymbolLast Price% ChgPLLPiedmont Lithium Inc.67.49 Post. 68.50-2.17% 1.50%2 more rows•Mar 23, 2021
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.
Why is Piedmont lithium?
The unique geographic proximity of our resources, production operations and prospective customers, places us on the path to be the most sustainable provider of lithium hydroxide in the world and should allow Piedmont to play a pivotal role in supporting America's move to the electrification of transportation and energy ...
Should I invest Piethmont lithium stock?
PIEDMONT LITHIUM Stock Forecast FAQ. Is PIEDMONT LITHIUM Stock a good buy in 2022, according to Wall Street analysts? The consensus among 3 Wall Street analysts covering (NASDAQ: PLL) stock is to Strong Buy PLL stock.
Does Piedmont lithium pay dividends?
PIEDMONT LITHIUM (NASDAQ: PLL) does not pay a dividend.
Why has PLL stopped trading?
Piedmont Lithium Ltd (ASX: PLL) shares have been put into a trading halt after the mining company announced a US public offering. Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool.Mar 23, 2021
How many shares does Piedmont have?
Share StatisticsAvg Vol (3 month) 3473.65kShares Outstanding 517.92MImplied Shares Outstanding 6N/AFloat 81.28B% Held by Insiders 13.50%7 more rows
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).
Is Piedmont Lithium a buy right now?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last twelve months. There are currently 7 buy rati...
How has Piedmont Lithium's stock been impacted by COVID-19?
Piedmont Lithium's stock was trading at $6.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization...
How were Piedmont Lithium's earnings last quarter?
Piedmont Lithium Inc. (NASDAQ:PLL) issued its quarterly earnings results on Sunday, February, 27th. The mineral exploration company reported ($0.67...
What price target have analysts set for PLL?
7 analysts have issued twelve-month price objectives for Piedmont Lithium's stock. Their forecasts range from $81.00 to $108.00. On average, they a...
Who are Piedmont Lithium's key executives?
Piedmont Lithium's management team includes the following people: Keith D. Phillips , President, Chief Executive Officer & Director ( LinkedIn P...
Who are some of Piedmont Lithium's key competitors?
Some companies that are related to Piedmont Lithium include Illinois Tool Works (ITW) , Parker-Hannifin (PH) , Stanley Black & Decker (SWK) , D...
What other stocks do shareholders of Piedmont Lithium own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Lithium investors own include NIO (NIO) , QUALCO...
What is Piedmont Lithium's stock symbol?
Piedmont Lithium trades on the NASDAQ under the ticker symbol "PLL."
Who are Piedmont Lithium's major shareholders?
Piedmont Lithium's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (3.29%), B...
Is Piedmont Lithium a buy right now?
What stocks does MarketBeat like better than Piedmont Lithium?
8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Piedmont Lithium stock.#N#View analyst ratings for Piedmont Lithium or view top-rated stocks.
Are investors shorting Piedmont Lithium?
Wall Street analysts have given Piedmont Lithium a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Piedmont Lithium wasn't one of them.
When is Piedmont Lithium's next earnings date?
Piedmont Lithium saw a increase in short interest in July. As of July 30th, there was short interest totaling 829,900 shares, an increase of 34.3% from the July 15th total of 617,800 shares. Based on an average trading volume of 386,200 shares, the short-interest ratio is currently 2.1 days.
How has Piedmont Lithium's stock price been impacted by Coronavirus (COVID-19)?
Piedmont Lithium is scheduled to release its next quarterly earnings announcement on Friday, October 1st 2021.#N#View our earnings forecast for Piedmont Lithium.
What price target have analysts set for PLL?
Piedmont Lithium's stock was trading at $6.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PLL stock has increased by 772.1% and is now trading at $55.73.#N#View which stocks have been most impacted by COVID-19.
Who are some of Piedmont Lithium's key competitors?
8 analysts have issued 1 year price objectives for Piedmont Lithium's stock. Their forecasts range from $64.00 to $95.00. On average, they expect Piedmont Lithium's stock price to reach $83.75 in the next year.
Piedmont is coming to America. Hurray?
Some companies that are related to Piedmont Lithium include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Pentair (PNR), Snap-on (SNA), The Middleby (MIDD), Donaldson (DCI), ITT (ITT) and Lincoln Electric (LECO).#N#View all of PLL's competitors..
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Australian lithium mining company Piedmont Lithium ( NASDAQ:PLL), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares on the Australian Stock Exchange, are coming to America -- and it seems investors aren't happy about it. Piedmont stock dropped 19% in Thursday trading.
Now what
Thursday probably should have been a good day for Piedmont shareholders, seeing as B. Riley Securities raised its price target on the stock from $66 to $93 a share this morning.
Shareholders were spooked by dilution concerns
A new company, Piedmont US, will be formed to hold the assets of Piedmont Lithium, and current holders of Piedmont Australian stock and Piedmont ADS will all exchange their current securities for new stock in Piedmont US.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Australian -- soon to be American -- mining company Piedmont Lithium ( NASDAQ:PLL) were trading down by as much as 23.5% on Wednesday morning after management announced plans to float 1.75 million new American Depositary Shares (ADS) at $70 apiece. As of 12:10 pm. EDT, they were off by 18.3%.
Now what
Piedmont's offering includes an overallotment option that would permit its underwriters to buy up to 262,500 additional ADSes, raising the total amount of potential new ADSes to just over 2 million, and the total cash haul for the company to almost $140.1 million, before deduction of fees and costs.
What is Piedmont Lithium?
Suffice it to say that, bad as the dilution may hurt today, it's crucial that Piedmont get access to the cash it needs to begin production -- or else its stock might not be worth anything at all.
When is Piedmont Lithium webinar?
, (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a clean energy company focused on the integrated production of lithium hydroxide to support the U.S. electric vehicle supply chain, today announced the election of two new Non-Executive...
Is Piedmont Lithium a public company?
NEW YORK-- ( BUSINESS WIRE )-- Piedmont Lithium Limited (ASX:PLL; NASDAQ:PLL) (“Piedmont” or “Company”) announced today that it will participate in an investor webinar and Q&A session on Wednesday, May 29, 2019, at 1 :00 p.m. EDT hosted by RedChip Companies. The webinar will feature a presentation by Keith...
How long does it take to get a 404 permit for lithium?
NEW YORK / Oct 19, 2020 / Business Wire / Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS...
Does Piedmont have a binding sales agreement with Tesla?
A Section 404 Permit has been issued to Piedmont Lithium by the US Army Corps of Engineers The Permit was issued 11 months after application and within the Company’s announced timetable The 404 Permit is the only...
What happened
Piedmont enters into binding sales agreement to supply spodumene concentrate to Tesla Five-year fixed-price binding agreement with optional five-year extension Agreement confirms the strategic nature of Piedmont’s unique American spodumene deposit Discussions are ongoing with respect to other lithium and...
So what
Shares of Australian lithium mining company Piedmont Lithium (NASDAQ: PLL), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares on the Australian Stock Exchange, are coming to America -- and it seems investors aren't happy about it. Piedmont stock dropped 19% in Thursday trading.
Now what
Thursday probably should have been a good day for Piedmont shareholders, seeing as B. Riley Securities raised its price target on the stock from $66 to $93 a share this morning.
What did the company announce today?
A new company, Piedmont US, will be formed to hold the assets of Piedmont Lithium, and current holders of Piedmont Australian stock and Piedmont ADS will all exchange their current securities for new stock in Piedmont US.
Piedmont Lithium is one of the fastest-growing companies on the ASX
In a statement to the ASX, Piedmont Lithium announced its plan “to conduct a U.S. public offering,” of up to 1.5 million of its American Depository Shares (ADS). 1 ADS will be the equivalent of 100 of its ordinary shares. As mentioned, the company placed shares in a suspension in anticipation of further announcements.
