Comstock (NYSE:LODE) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Comstock (NYSE:LODE) in a research note published on Sunday morning. The firm issued a sell rating on the stock.

Comstock Trading Down 3.4 %

Shares of Comstock stock opened at $0.31 on Friday. The company has a market capitalization of $35.58 million, a price-to-earnings ratio of 3.84 and a beta of 2.01. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.07. Comstock has a 12-month low of $0.30 and a 12-month high of $0.99. The firm’s 50-day moving average price is $0.40 and its two-hundred day moving average price is $0.45.

Comstock (NYSE:LODE) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Comstock had a net margin of 718.51% and a negative return on equity of 4.04%. The company had revenue of $0.45 million for the quarter, compared to the consensus estimate of $1.10 million. On average, analysts forecast that Comstock will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comstock

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Comstock by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 3,254,152 shares of the company’s stock valued at $1,783,000 after purchasing an additional 60,303 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Comstock by 19.6% in the 4th quarter. Northern Trust Corp now owns 157,009 shares of the company’s stock valued at $86,000 after purchasing an additional 25,684 shares in the last quarter. Mission Wealth Management LP acquired a new stake in shares of Comstock in the 4th quarter valued at approximately $47,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Comstock in the 4th quarter valued at approximately $128,000. Finally, XTX Topco Ltd acquired a new stake in Comstock during the 2nd quarter worth approximately $26,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Comstock Company Profile

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.