Piedmont Lithium Limited (NASDAQ:PLL) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $28.00 for the company, according to Zacks. Zacks has also assigned Piedmont Lithium an industry rank of 165 out of 255 based on the ratings given to its competitors.

Several equities research analysts have weighed in on the company. ValuEngine cut Piedmont Lithium from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Zacks Investment Research cut Piedmont Lithium from a “hold” rating to a “sell” rating in a report on Wednesday.

NASDAQ PLL traded up $0.36 on Friday, hitting $7.96. The company’s stock had a trading volume of 1,799 shares, compared to its average volume of 3,340. Piedmont Lithium has a 52-week low of $5.76 and a 52-week high of $14.00. The firm’s 50-day simple moving average is $7.59. The firm has a market capitalization of $53.08 million, a price-to-earnings ratio of -5.04 and a beta of 1.59.

About Piedmont Lithium

Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States. It primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 1,092 acres in the Carolina Lithium Belt, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017.

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