Maxim Group Initiates Coverage on 5E Advanced Materials (NASDAQ:FEAM)

Maxim Group began coverage on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research note issued to investors on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $4.00 price objective on the stock.

5E Advanced Materials Stock Up 2.2 %

FEAM opened at $1.83 on Thursday. The business’s 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.46. 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 one year low of $1.03 and a one year high of $4.60. The stock has a market capitalization of $80.95 million, a P/E ratio of -1.63 and a beta of 1.92.

5E Advanced Materials (NASDAQ:FEAM) last posted its earnings results on Monday, April 29th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Analysts anticipate that 5E Advanced Materials will post -0.45 EPS for the current year.

Institutional Trading of 5E Advanced Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEAM. Leo Wealth LLC purchased a new stake in 5E Advanced Materials during the 4th quarter valued at approximately $60,000. Bleakley Financial Group LLC purchased a new stake in 5E Advanced Materials during the 1st quarter valued at approximately $42,000. Finally, Simplicity Wealth LLC purchased a new stake in 5E Advanced Materials during the 1st quarter valued at approximately $42,000.

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.