BTIG Reaffirms Their Buy Rating on Piedmont Lithium (PLL)

In a report released on January 20, Gregory Lewis from BTIG reiterated a Buy rating on Piedmont Lithium (PLLResearch Report), with a price target of $85.00. The company’s shares closed last Friday at $62.56.

According to TipRanks, Lewis is an analyst with an average return of -3.2% and a 42.90% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Chart Industries, Helix Energy, and Scorpio Tankers.

Piedmont Lithium has an analyst consensus of Strong Buy, with a price target consensus of $106.40.

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Based on Piedmont Lithium’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $16.66 million. In comparison, last year the company had a net profit of $0

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLL in relation to earlier this year. Last month, Devaney Austin, the EVP and CCO of PLL bought 15,000.00 shares for a total of $185,700.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Piedmont Lithium Ltd is a lithium-based company focused on the development of its Piedmont Lithium Project in North Carolina.

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