Maxim Group Initiates Coverage on 5E Advanced Materials (NASDAQ:FEAM)

Maxim Group assumed coverage on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $4.00 price objective on the stock.

5E Advanced Materials Stock Up 2.2 %

NASDAQ:FEAM opened at $1.83 on Thursday. The company has a market capitalization of $80.95 million, a price-to-earnings ratio of -1.63 and a beta of 1.92. 5E Advanced Materials has a one year low of $1.03 and a one year high of $4.60. The stock has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.46. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.38 and a current ratio of 1.38.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Monday, April 29th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Sell-side analysts predict that 5E Advanced Materials will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds have recently bought and sold shares of the company. Simplicity Wealth LLC acquired a new position in 5E Advanced Materials in the first quarter worth about $42,000. Bleakley Financial Group LLC acquired a new position in 5E Advanced Materials in the first quarter valued at approximately $42,000. Finally, Leo Wealth LLC acquired a new position in 5E Advanced Materials in the fourth quarter valued at approximately $60,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.