5E Advanced Materials’ (FEAM) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research report report published on Thursday, Benzinga reports. They currently have a $10.00 price target on the stock.

Separately, Maxim Group assumed coverage on 5E Advanced Materials in a report on Thursday, May 23rd. They issued a buy rating and a $4.00 target price on the stock.

5E Advanced Materials Price Performance

FEAM stock opened at $0.65 on Thursday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.23. The company has a market capitalization of $41.38 million, a P/E ratio of -0.58 and a beta of 1.96. 5E Advanced Materials has a 52-week low of $0.62 and a 52-week high of $3.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in 5E Advanced Materials in the 2nd quarter valued at about $27,000. Simplicity Wealth LLC bought a new position in shares of 5E Advanced Materials in the first quarter valued at approximately $42,000. Bleakley Financial Group LLC purchased a new stake in shares of 5E Advanced Materials during the first quarter valued at approximately $42,000. Leo Wealth LLC purchased a new stake in shares of 5E Advanced Materials during the fourth quarter valued at approximately $60,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in 5E Advanced Materials during the second quarter worth $61,000.

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.