5E Advanced Materials (NASDAQ:FEAM) PT Lowered to $1.25 at Maxim Group

5E Advanced Materials (NASDAQ:FEAM) had its price objective cut by equities research analysts at Maxim Group from $4.00 to $1.25 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price target suggests a potential upside of 135.85% from the stock’s previous close.

Separately, DA Davidson reaffirmed a “buy” rating and set a $10.00 target price on shares of 5E Advanced Materials in a report on Thursday, September 5th.

5E Advanced Materials Stock Up 0.8 %

Shares of 5E Advanced Materials stock traded up $0.00 during trading on Thursday, reaching $0.53. The company had a trading volume of 24,699 shares, compared to its average volume of 177,512. 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 has a fifty-two week low of $0.50 and a fifty-two week high of $3.35. The firm’s fifty day moving average is $0.89 and its 200-day moving average is $1.21. The company has a market cap of $33.54 million, a price-to-earnings ratio of -0.47 and a beta of 1.96.

Hedge Funds Weigh In On 5E Advanced Materials

A number of large investors have recently bought and sold shares of FEAM. Leo Wealth LLC bought a new position in shares of 5E Advanced Materials during the fourth quarter worth about $60,000. Bleakley Financial Group LLC acquired a new stake in shares of 5E Advanced Materials in the first quarter valued at approximately $42,000. AQR Capital Management LLC bought a new stake in shares of 5E Advanced Materials during the second quarter valued at approximately $27,000. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials during the second quarter worth approximately $83,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in 5E Advanced Materials in the 2nd quarter worth approximately $61,000.

About 5E Advanced Materials

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.