Critical Metals (NASDAQ:CRML) Downgraded to Hold Rating by Freedom Capital

Freedom Capital downgraded shares of Critical Metals (NASDAQ:CRML) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other brokerages have also commented on CRML. Cantor Fitzgerald assumed coverage on Critical Metals in a research report on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 target price for the company. Weiss Ratings cut Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. Finally, Texas Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Critical Metals Price Performance

Shares of CRML opened at $6.77 on Tuesday. The stock has a 50-day moving average price of $8.28 and a 200 day moving average price of $9.92. Critical Metals has a one year low of $4.66 and a one year high of $32.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRML. AQR Capital Management LLC acquired a new position in Critical Metals in the 1st quarter worth approximately $69,000. Rhumbline Advisers grew its stake in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after purchasing an additional 36,740 shares in the last quarter. Geode Capital Management LLC increased its holdings in Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after buying an additional 332,878 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Critical Metals by 142.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock worth $118,000 after purchasing an additional 19,418 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Critical Metals during the second quarter worth $226,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.