Piedmont Lithium (PLL) Set to Announce Quarterly Earnings on Thursday

Piedmont Lithium (NASDAQ:PLL) is scheduled to be issuing 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 wish to register for the company’s conference call can do so using this link.

Piedmont Lithium (NASDAQ:PLL) last issued its earnings results on Thursday, February 22nd. The mineral exploration company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($1.61). The firm had revenue of ($7.31) million during the quarter, compared to analysts’ expectations 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 NASDAQ PLL opened at $13.33 on Wednesday. The business’s 50 day moving average is $13.03 and its two-hundred day moving average is $19.68. The stock has a market capitalization of $258.07 million, a P/E ratio of -11.59 and a beta of 0.77. Piedmont Lithium has a 1-year low of $10.82 and a 1-year high of $65.72.

Wall Street Analysts Forecast Growth

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

About Piedmont Lithium

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.