Electra Battery Materials’ (ELBM) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Electra Battery Materials (NASDAQ:ELBM) in a research note published on Tuesday morning,Benzinga reports. They currently have a $2.00 price objective on the stock. HC Wainwright also issued estimates for Electra Battery Materials’ FY2026 earnings at $0.28 EPS.

Separately, Weiss Ratings cut shares of Electra Battery Materials from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.00.

Electra Battery Materials Trading Down 2.7%

Shares of ELBM stock opened at $0.41 on Tuesday. Electra Battery Materials has a 1-year low of $0.37 and a 1-year high of $1.25. The company has a market cap of $44.06 million, a price-to-earnings ratio of -0.47 and a beta of 2.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.68 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $0.49 and a 200-day simple moving average of $0.60.

Institutional Trading of Electra Battery Materials

An institutional investor recently bought a new position in Electra Battery Materials stock. PEAK6 LLC bought a new position in Electra Battery Materials Corporation (NASDAQ:ELBM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,249,080 shares of the company’s stock, valued at approximately $754,000. PEAK6 LLC owned approximately 1.17% of Electra Battery Materials at the end of the most recent reporting period. Institutional investors own 32.90% of the company’s stock.

Electra Battery Materials Company Profile

Electra Battery Materials Corp. is a Canadian battery materials company focused on producing battery-grade cobalt and other materials used in lithium-ion batteries. The company is developing a hydrometallurgical cobalt refinery in Ontario, Canada, designed to process cobalt-bearing feedstock into cobalt sulfate for use in electric vehicle and energy-storage battery supply chains. The company’s activities also include battery recycling and the recovery of critical minerals from battery materials, including black mass generated from recycled lithium-ion batteries.