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Should you buy Piedmont lithium (PLL) stock?
Stock Of The Day: Piedmont Lithium rebounded off key support. But it's not all roses for PLL stock, which surged in 2021 on a Tesla supply deal. One's an industrial conglomerate, one's a mineral extractor, and the last is a specialty software player -- and all have delivered for shareholders this year.
Why are lithium stocks getting hit hard today?
Lithium stocks are getting hit hard today on a couple of key catalysts. Goldman Sachs has released a report highlighting what it believes could be a case for peak lithium. Argentina is putting a floor under lithium prices. Certain pockets of the market are performing better than others today.
Why is inflation bad for tech stocks?
Consumers appear to be feeling the effects of inflation, a bearish sign for the economy overall. Thus, this backdrop is one that’s overly negative for most stocks, particularly heavily weighted technology companies in the U.S. Let’s dive into some other factors investors are watching right now.
Why is PLL stock suspended today?
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. Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool.
Will PLL stock go back up?
Based on our forecasts, a long-term increase is expected, the "PLL" stock price prognosis for 2027-05-28 is 108.440 USD. With a 5-year investment, the revenue is expected to be around +93.61%. Your current $100 investment may be up to $193.61 in 2027.
Is PLL stock worth buying?
Out of 3 analysts, 2 (66.67%) are recommending PLL as a Strong Buy, 1 (33.33%) are recommending PLL as a Buy, 0 (0%) are recommending PLL as a Hold, 0 (0%) are recommending PLL as a Sell, and 0 (0%) are recommending PLL as a Strong Sell. What is PLL's earnings growth forecast for 2022-2024?
Why is Piedmont lithium stock down?
Piedmont Lithium Inc. shares were down 11% to $67.02 in premarket trading after the company said it priced an upsized underwritten public offering of 1.75 million common shares at $65 a share.
Should I invest Piedmont lithium?
Piedmont Lithium Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of PLL, demonstrate its potential to underperform the market. It currently has a Growth Score of C.
What is the best lithium stock?
The Best Lithium Stocks of June 2022Albemarle (ALB) Albemarle is a specialty chemicals company and a leading producer of lithium, bromine and refining catalysts. ... Sociedad Química y Minera de Chile (SQM) ... Lithium Americas Corporation (LAC) ... Piedmont Lithium Limited (PLL) ... Livent Corporation (LTHM) ... Ganfeng Lithium (GNENF)
Will Lac go up?
Lithium Americas Corp (NYSE:LAC) The 13 analysts offering 12-month price forecasts for Lithium Americas Corp have a median target of 39.00, with a high estimate of 44.00 and a low estimate of 23.75. The median estimate represents a +72.19% increase from the last price of 22.65.
Why is lithium a good investment?
Simply put, a lithium battery is a much more effective yet more expensive form of battery. These batteries have a high charge density, and they maintain a longer overall lifespan, making recharging a much more viable option. They're widely used in smartphones, tablets, and EVs.
Will Piedmont Lithium go up?
Piedmont Lithium Inc (NASDAQ:PLL) The 8 analysts offering 12-month price forecasts for Piedmont Lithium Inc have a median target of 93.50, with a high estimate of 124.00 and a low estimate of 85.00. The median estimate represents a +44.27% increase from the last price of 64.81.
Is Piedmont lithium 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 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.
About Piedmont Lithium
Piedmont Lithium (NASDAQ:PLL) Frequently Asked Questions
Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties. The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana. The company is headquartered in Belmont, NC.
When is the PLL class action lawsuit?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Piedmont Lithium stock. View analyst ratings for Piedmont Lithium or view top-rated stocks.
Who is the CEO of Piedmont Lithium?
("Piedmont" or the "Company") (NASDAQ: PLL) from March 16, 2018 through July 19, 2021 (the "Class Period").
How long are futures trading delayed?
Reporting to the CEO, Keith Phillips, Mr. White brings deep accounting and finance experience to Piedmont, and will oversee the Company’s financial accounting and reporting, budgeting
How to calculate restricted stock?
Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle.
Shareholders were spooked by dilution concerns
To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded. Dividend Yield.
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.