Analysts rate Piedmont Lithium Ltd ADR (PLL:NSD) with a Strong Buy rating and $91.00 target

Cowen initiates Piedmont Lithium Ltd as outperform at a $90.00 target price

Cowen initiates Piedmont Lithium Ltd as outperform at a $90.00 target price

Based on the Piedmont Lithium stock forecast from 2 analysts, the average analyst target price for Piedmont Lithium stock is USD 91.00 over the next 12 months. Piedmont Lithium Ltd ADR’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Piedmont Lithium Ltd ADR is Bearish, which is based on 1 positive signal and 3 negative signals. At the last closing, PLL stock price was USD 57.11. PLL stock price has changed by -4.11% over the past week, +11.13% over the past month and -5.02% over the last year.

About Piedmont Lithium Ltd ADR (PLL:NSD)

Piedmont Lithium Ltd ADR is a firm that is still in the discovery stage, but it is actively involved in the investigation and development of resource projects in the United States. The company’s primary holdings consist of a one hundred percent ownership stake in the Carolina Lithium Project, which covers approximately 3,116 acres and is situated to the west of Charlotte in the state of North Carolina in the United States.

Near addition to that, it holds ownership of a 61-acre plot of land in Kings Mountain, North Carolina. Piedmont Lithium Inc.’s administrative offices are located in Belmont, which is located in North Carolina.

 

What we like:

Superior risk-adjusted returns

Piedmont Lithium stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

 

What we don’t like:

Overpriced compared to book value

Piedmont Lithium stock is trading high compared to its peers’ median on a price-to-book value basis.

Negative cash flow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.