5E Advanced Materials (NASDAQ:FEAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 5E Advanced Materials (NASDAQ:FEAM) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. HC Wainwright upped their target price on 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, 5E Advanced Materials presently has a consensus rating of “Hold” and an average price target of $6.75.

5E Advanced Materials Trading Down 8.2%

FEAM opened at $3.34 on Friday. 5E Advanced Materials has a 12-month low of $0.90 and a 12-month high of $7.46. The firm has a market capitalization of $139.10 million, a PE ratio of -2.26 and a beta of 1.80. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $1.74.

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

Hedge Funds Weigh In On 5E Advanced Materials

Several institutional investors and hedge funds have recently modified their holdings of the business. Bluescape Energy Partners LLC grew its holdings in 5E Advanced Materials by 7.0% in the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after purchasing an additional 533,648 shares during the period. AWM Investment Company Inc. purchased a new stake in shares of 5E Advanced Materials in the second quarter valued at approximately $4,346,000. Aristides Capital LLC acquired a new position in shares of 5E Advanced Materials during the 1st quarter worth approximately $765,000. Finally, Renaissance Technologies LLC acquired a new position in shares of 5E Advanced Materials during the 1st quarter worth approximately $268,000.

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.