5E Advanced Materials (NASDAQ:FEAM) Stock Price Expected to Rise, HC Wainwright Analyst Says

5E Advanced Materials (NASDAQ:FEAM) had its price objective lifted by investment analysts at HC Wainwright from $3.50 to $6.75 in a research report issued on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 79.52% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. Wall Street Zen upgraded shares of 5E Advanced Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 5E Advanced Materials currently has a consensus rating of “Hold” and an average price target of $6.75.

5E Advanced Materials Price Performance

FEAM opened at $3.76 on Monday. The stock has a market cap of $156.59 million, a P/E ratio of -2.54 and a beta of 1.80. The stock’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $1.69. 5E Advanced Materials has a 1-year low of $0.90 and a 1-year high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Thursday, September 17th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.18.

Institutional Investors Weigh In On 5E Advanced Materials

A number of large investors have recently bought and sold shares of the stock. AWM Investment Company Inc. acquired a new position in shares of 5E Advanced Materials in the second quarter worth $4,346,000. Bluescape Energy Partners LLC boosted its stake in shares of 5E Advanced Materials by 7.0% during the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after acquiring an additional 533,648 shares during the last quarter. Aristides Capital LLC purchased a new stake in 5E Advanced Materials during the 1st quarter worth about $765,000. Renaissance Technologies LLC purchased a new stake in 5E Advanced Materials during the 1st quarter worth about $268,000. Finally, Potomac Capital Management Inc. acquired a new position in 5E Advanced Materials in the 4th quarter valued at about $186,000.

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.