Research Analysts Set Expectations for Electra Battery Materials Co.’s FY2022 Earnings (NASDAQ:ELBM)

Electra Battery Materials Co. (NASDAQ:ELBMGet Rating) – Equities research analysts at HC Wainwright issued their FY2022 earnings per share estimates for shares of Electra Battery Materials in a report released on Wednesday, November 16th. HC Wainwright analyst H. Ihle anticipates that the company will post earnings per share of ($0.10) for the year. HC Wainwright has a “Buy” rating and a $7.75 price target on the stock. HC Wainwright also issued estimates for Electra Battery Materials’ FY2023 earnings at $0.30 EPS.

Electra Battery Materials Stock Performance

NASDAQ ELBM opened at $2.40 on Friday. Electra Battery Materials has a 52 week low of $2.32 and a 52 week high of $5.82. The stock has a 50-day moving average of $2.92.

Hedge Funds Weigh In On Electra Battery Materials

Large investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new position in shares of Electra Battery Materials in the second quarter worth about $461,000. Regal Partners Ltd bought a new position in Electra Battery Materials in the 3rd quarter worth approximately $195,000. Scotia Capital Inc. purchased a new stake in Electra Battery Materials during the 2nd quarter valued at approximately $122,000. Northern Trust Corp bought a new stake in shares of Electra Battery Materials during the second quarter valued at approximately $114,000. Finally, Tamar Securities LLC purchased a new position in shares of Electra Battery Materials in the third quarter worth $56,000. Hedge funds and other institutional investors own 1.78% of the company’s stock.

About Electra Battery Materials

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Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project, which covers an area of approximately 5,900 acres located in Lemhi County, Idaho.

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