Roth Capital Raises Earnings Estimates for Piedmont Lithium

Piedmont Lithium Inc. (NASDAQ:PLL) – Analysts at Roth Capital upped their Q4 2025 earnings estimates for shares of Piedmont Lithium in a note issued to investors on Tuesday, November 12th. Roth Capital analyst J. Reagor now expects that the mineral exploration company will earn $0.05 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Piedmont Lithium’s current full-year earnings is ($2.66) per share.

Several other analysts also recently issued reports on the stock. B. Riley decreased their price objective on shares of Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 12th. Macquarie lowered shares of Piedmont Lithium from a “neutral” rating to an “underperform” rating and set a $7.80 price target on the stock. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $8.00 price target (down from $9.00) on shares of Piedmont Lithium in a report on Monday, October 21st. BMO Capital Markets raised their target price on shares of Piedmont Lithium from $8.50 to $9.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $31.00 price target (down from $40.00) on shares of Piedmont Lithium in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Piedmont Lithium has a consensus rating of “Hold” and a consensus price target of $22.26.

Piedmont Lithium Price Performance

Shares of NASDAQ:PLL opened at $11.95 on Thursday. The company has a current ratio of 1.99, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. Piedmont Lithium has a 1 year low of $6.57 and a 1 year high of $31.82. The business has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $10.97. The firm has a market cap of $232.19 million, a price-to-earnings ratio of -2.92 and a beta of 0.74.

Piedmont Lithium (NASDAQ:PLL) last posted its quarterly earnings results on Tuesday, November 12th. The mineral exploration company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.40). The business had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $32.91 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Piedmont Lithium by 38.7% in the 3rd quarter. FMR LLC now owns 3,353 shares of the mineral exploration company’s stock valued at $30,000 after acquiring an additional 936 shares in the last quarter. Larson Financial Group LLC grew its position in Piedmont Lithium by 53.0% in the 3rd quarter. Larson Financial Group LLC now owns 24,943 shares of the mineral exploration company’s stock worth $223,000 after purchasing an additional 8,643 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Piedmont Lithium by 15.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 154,881 shares of the mineral exploration company’s stock worth $1,383,000 after acquiring an additional 20,481 shares during the period. Quest Partners LLC boosted its holdings in shares of Piedmont Lithium by 708.5% in the 3rd quarter. Quest Partners LLC now owns 31,032 shares of the mineral exploration company’s stock worth $277,000 after buying an additional 27,194 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Piedmont Lithium in the 2nd quarter worth approximately $47,000. Institutional investors own 52.23% of the company’s stock.

About Piedmont Lithium

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.