Critical Metals (NASDAQ:CRML – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.40) earnings per share for the quarter, FiscalAI reports.
Critical Metals Stock Down 4.2%
Critical Metals stock opened at $7.83 on Friday. The business has a 50 day moving average of $6.82 and a 200-day moving average of $8.81. Critical Metals has a 1 year low of $5.11 and a 1 year high of $32.15.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on CRML shares. Wall Street Zen upgraded shares of Critical Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 12th. Freedom Capital lowered shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings cut shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald started coverage on shares of Critical Metals in a report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
Institutional Investors Weigh In On Critical Metals
A number of institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Critical Metals during the second quarter valued at $29,000. Allworth Financial LP grew its stake in shares of Critical Metals by 53.4% in the second quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock worth $52,000 after purchasing an additional 1,760 shares during the last quarter. Corient Private Wealth LP grew its stake in shares of Critical Metals by 153.9% in the second quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock worth $1,400,000 after purchasing an additional 82,815 shares during the last quarter. Bank of America Corp DE increased its holdings in Critical Metals by 327.5% in the first quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after purchasing an additional 176,123 shares during the period. Finally, Royal Bank of Canada increased its holdings in Critical Metals by 121.4% in the first quarter. Royal Bank of Canada now owns 10,947 shares of the company’s stock valued at $87,000 after purchasing an additional 6,002 shares during the period. 86.44% of the stock is owned by institutional investors.
Critical Metals Company Profile
Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the electric vehicle, battery storage, renewable energy and technology industries. The company’s principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.
The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.
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