Piedmont Lithium (PLL) to Release Quarterly Earnings on Thursday

Piedmont Lithium (NASDAQ:PLL) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Piedmont Lithium (NASDAQ:PLL) last posted its quarterly earnings results on Thursday, February 22nd. The mineral exploration company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.61). The company had revenue of ($7.31) million for the quarter, compared to the consensus estimate of $32.76 million. On average, analysts expect Piedmont Lithium to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Piedmont Lithium Price Performance

Shares of Piedmont Lithium stock opened at $13.46 on Tuesday. The company’s fifty day simple moving average is $13.04 and its two-hundred day simple moving average is $19.80. Piedmont Lithium has a 12-month low of $10.82 and a 12-month high of $65.72.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PLL shares. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Piedmont Lithium in a research report on Tuesday, April 16th. TD Cowen cut shares of Piedmont Lithium from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $55.00 to $20.00 in a research note on Monday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Piedmont Lithium from $25.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. BTIG Research cut shares of Piedmont Lithium from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets began coverage on shares of Piedmont Lithium in a research note on Friday, February 16th. They issued a “market perform” rating and a $20.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $65.67.

Piedmont Lithium Company Profile

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.