5E Advanced Materials (NASDAQ:FEAM – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.
A number of other research firms have also issued reports on FEAM. HC Wainwright raised their price target on 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a report on Monday, October 5th. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.75.
Get Our Latest Stock Report on FEAM
5E Advanced Materials Stock Performance
5E Advanced Materials (NASDAQ:FEAM – Get Free Report) last announced its earnings results on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18.
Institutional Investors Weigh In On 5E Advanced Materials
Hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. acquired a new stake in shares of 5E Advanced Materials during the second quarter worth $4,346,000. Renaissance Technologies LLC purchased a new position in 5E Advanced Materials in the 1st quarter valued at $268,000. Aristides Capital LLC acquired a new position in 5E Advanced Materials in the 1st quarter valued at $765,000. Finally, Bluescape Energy Partners LLC increased its stake in 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after buying an additional 533,648 shares during the period.
About 5E Advanced Materials
5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.
Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.
The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.
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