PLL stock icon

Piedmont Lithium

11.98 USD
-0.14
1.16%
At close Dec 4, 4:00 PM EST
Pre-market
11.90
-0.08
0.67%
1 day
-1.16%
5 days
-5.89%
1 month
-10.26%
3 months
52.61%
6 months
-2.76%
Year to date
-57.03%
1 year
-52.48%
5 years
69.21%
10 years
49.56%
 

About: Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.

Employees: 63

0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 7 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more call options, than puts

Call options by funds: $7.85M | Put options by funds: $4.96M

13% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 32

5.34% less ownership

Funds ownership: 45.35% [Q2] → 40.01% (-5.34%) [Q3]

13% less funds holding

Funds holding: 121 [Q2] → 105 (-16) [Q3]

21% less capital invested

Capital invested by funds: $87.7M [Q2] → $69.4M (-$18.3M) [Q3]

57% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 28

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$7.80
35%
downside
Avg. target
$13.11
9%
upside
High target
$31
159%
upside

7 analyst ratings

positive
14%
neutral
57%
negative
29%
BMO Capital
Greg Jones
0 / 0 met price target
17%upside
$14
Market Perform
Maintained
29 Nov 2024
Macquarie
Austin Yun
100% 1-year accuracy
1 / 1 met price target
13%upside
$13.50
Neutral
Upgraded
21 Nov 2024
Roth MKM
Joe Reagor
50% 1-year accuracy
16 / 32 met price target
159%upside
$31
Buy
Reiterated
30 Oct 2024
BMO Capital
Greg Jones
0 / 0 met price target
25%downside
$9
Market Perform
Maintained
29 Oct 2024
JP Morgan
Bill Peterson
69% 1-year accuracy
11 / 16 met price target
33%downside
$8
Underweight
Downgraded
21 Oct 2024

Financial journalist opinion

Based on 13 articles about PLL published over the past 30 days

Neutral
Business Wire
1 week ago
PIEDMONT LITHIUM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Piedmont Lithium Inc. - PLL
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Piedmont Lithium Inc. (the “Company”) (NasdaqCM: PLL) and Sayona Mining Limited. Pursuant to the terms of the agreement, the Transaction will result in an approximate 50%/50% equity holding of shareholders of Piedmont and Sayona (on a fully diluted basis) in the combined company. KSF is seeking to determine.
PIEDMONT LITHIUM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Piedmont Lithium Inc. - PLL
Positive
The Motley Fool
1 week ago
Why Piedmont Lithium Stock Popped Today
Why Piedmont Lithium Stock Popped Today
Why Piedmont Lithium Stock Popped Today
Neutral
PRNewsWire
2 weeks ago
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Piedmont Lithium Inc. - PLL
NEW YORK , Nov. 19, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Piedmont Lithium Inc. (NASDAQ: PLL ), relating to the proposed merger with Sayona Mining Limited.
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Piedmont Lithium Inc. - PLL
Positive
Zacks Investment Research
2 weeks ago
PLL and Sayona Mining Set to Merge to Form Leading Lithium Producer
Piedmont Lithium and Sayona Mining Limited are set to combine in an all-stock merger to form a company with a strengthened balance sheet and solid growth prospects.
PLL and Sayona Mining Set to Merge to Form Leading Lithium Producer
Neutral
Business Wire
2 weeks ago
PLL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Piedmont Lithium Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Piedmont Lithium Inc. (NASDAQ: PLL) and Sayona Mining Limited is fair to Piedmont shareholders. Halper Sadeh encourages Piedmont shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Piedmont and its board violated.
PLL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Piedmont Lithium Inc. Is Fair to Shareholders
Neutral
Business Wire
2 weeks ago
Shareholder Alert: Ademi LLP Investigates Whether Piedmont Lithium Inc. is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Piedmont (NASDAQ: PLL) for possible breaches of fiduciary duty and other violations of law in its transaction with Sayona. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, the stockholders of Piedmont will receive only Sayona ADSs corresponding to 527 Sayona ordinary shares for each P.
Shareholder Alert: Ademi LLP Investigates Whether Piedmont Lithium Inc. is Obtaining a Fair Price for Its Public Shareholders
Positive
WSJ
2 weeks ago
Australia's Sayona Mining to Buy America's Piedmont Lithium
Sayona Mining agreed to buy North Carolina-based Piedmont Lithium to create a top North American lithium producer that can better withstand swings in the fast-growing lithium market.
Australia's Sayona Mining to Buy America's Piedmont Lithium
Neutral
Business Wire
2 weeks ago
Piedmont Lithium and Sayona Mining to Merge
BELMONT, N.C.--(BUSINESS WIRE)---- $PLL #EV--Piedmont Lithium Inc. (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, and Sayona Mining Limited (“Sayona”) (ASX: SYA) announce the signing of a definitive agreement (the “Merger Agreement”) to combine the two companies to create a leading lithium business, resulting in Sayona being the ultimate parent entity (“MergeCo”) (the “Transaction”). The Transac.
Piedmont Lithium and Sayona Mining to Merge
Positive
Reuters
2 weeks ago
Australia's Sayona Mining buys US based Piedmont Lithium
Australia's Sayona Mining said on Tuesday it is buying U.S.-based Piedmont Lithium in a deal that will consolidate their Canadian operations while shoring up exposure to the North American electric vehicle industry, including Piedmont customer Tesla.
Australia's Sayona Mining buys US based Piedmont Lithium
Negative
Reuters
3 weeks ago
Piedmont Lithium slashes more jobs under cost-cutting plan
U.S. miner Piedmont Lithium has nearly halved its total workforce after completing an additional 32% reduction in October as part of an ongoing cost-cutting plan, it said on Tuesday.
Piedmont Lithium slashes more jobs under cost-cutting plan
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