5E Advanced Materials (NASDAQ:FEAM) Price Target Raised to $6.75

5E Advanced Materials (NASDAQ:FEAM) had its price objective boosted by HC Wainwright from $3.50 to $6.75 in a research report released on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

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

5E Advanced Materials Stock Performance

FEAM stock opened at $3.11 on Monday. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The company has a market capitalization of $129.53 million, a price-to-earnings ratio of -2.10 and a beta of 1.80. The business’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $1.70.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18.

Hedge Funds Weigh In On 5E Advanced Materials

A number of hedge funds have recently bought and sold shares of FEAM. AWM Investment Company Inc. purchased a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at about $4,346,000. Renaissance Technologies LLC purchased a new position in shares of 5E Advanced Materials during the first quarter valued at approximately $268,000. Aristides Capital LLC purchased a new position in shares of 5E Advanced Materials during the first quarter valued at approximately $765,000. Bluescape Energy Partners LLC lifted its position in 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 purchasing an additional 533,648 shares during the period. Finally, Potomac Capital Management Inc. purchased a new stake in 5E Advanced Materials in the fourth quarter worth approximately $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.