Critical Metals (NASDAQ:CRML) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Critical Metals (NASDAQ:CRML) from a sell rating to a strong sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms also recently weighed in on CRML. Weiss Ratings raised shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. Cantor Fitzgerald started coverage on Critical Metals in a research note on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price target on the stock. Finally, Freedom Capital cut Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Critical Metals currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Critical Metals Trading Up 6.8%

Shares of CRML stock opened at $7.51 on Friday. The firm has a 50 day moving average of $6.96 and a 200-day moving average of $8.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04. Critical Metals has a 52 week low of $5.11 and a 52 week high of $32.15.

Hedge Funds Weigh In On Critical Metals

Institutional investors have recently added to or reduced their stakes in the stock. Empery Asset Management LP purchased a new position in shares of Critical Metals during the 4th quarter valued at $3,411,000. Bank of America Corp DE increased its holdings in Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock worth $1,825,000 after acquiring an additional 176,123 shares during the last quarter. Corient Private Wealth LP increased its holdings in Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock worth $1,400,000 after acquiring an additional 82,815 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Critical Metals in the 1st quarter valued at about $434,000. Finally, Bank of New York Mellon Corp raised its stake in Critical Metals by 31.1% in the 1st quarter. Bank of New York Mellon Corp now owns 123,904 shares of the company’s stock valued at $984,000 after acquiring an additional 29,427 shares during the period. Institutional investors own 86.44% of the company’s stock.

Critical Metals Company Profile

Critical Metals Corp. (NASDAQ: CRML) is a mining and development company focused on advancing projects that supply critical minerals used in energy, technology and industrial applications. The company’s portfolio is centered on lithium and rare earth elements, which are important inputs for electric vehicles, batteries, renewable energy systems and advanced manufacturing.

Its flagship asset is the Wolfsberg Lithium Project in Austria. Critical Metals is developing the project as an integrated European lithium operation, with plans covering the production of lithium-related materials for the battery supply chain.