Critical Metals (NASDAQ:CRML) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Critical Metals (NASDAQ:CRML) from a strong sell rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also weighed in on CRML. Cantor Fitzgerald started coverage on Critical Metals in a research note on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 target price on the stock. Freedom Capital lowered Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings lowered Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Critical Metals Trading Down 4.3%

Shares of CRML stock opened at $6.43 on Friday. Critical Metals has a 52-week low of $5.11 and a 52-week high of $32.15. The business’s fifty day moving average is $6.91 and its 200 day moving average is $9.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Critical Metals by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 274,348 shares of the company’s stock worth $1,904,000 after acquiring an additional 137,174 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Critical Metals by 327.5% during the 1st 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 last quarter. Empery Asset Management LP bought a new position in shares of Critical Metals during the 4th quarter valued at $3,411,000. Moors & Cabot Inc. bought a new stake in Critical Metals in the fourth quarter worth $108,000. Finally, Leonteq Securities AG bought a new stake in Critical Metals in the fourth quarter worth $52,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.