Standard Lithium (OTCMKTS:SLI) Price Target Lowered to $3.50 at Roth Mkm

Standard Lithium (OTCMKTS:SLI) had its target price lowered by equities research analysts at Roth Mkm from $4.25 to $3.50 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 163.16% from the company’s current price.

Separately, BMO Capital Markets started coverage on shares of Standard Lithium in a research report on Friday, February 16th. They set an “outperform” rating for the company.

Standard Lithium Stock Performance

Standard Lithium stock opened at $1.33 on Thursday. The stock has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $1.69. The stock has a market capitalization of $229.76 million, a P/E ratio of -6.09 and a beta of 1.81. Standard Lithium has a 52 week low of $1.05 and a 52 week high of $4.85.

Standard Lithium (OTCMKTS:SLI) last issued its earnings results on Thursday, February 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Research analysts forecast that Standard Lithium will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Standard Lithium

A hedge fund recently raised its stake in Standard Lithium stock. Van ECK Associates Corp lifted its stake in shares of Standard Lithium Ltd. (OTCMKTS:SLI) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,694,140 shares of the company’s stock after buying an additional 329,320 shares during the period. Van ECK Associates Corp owned about 1.56% of Standard Lithium worth $3,179,000 as of its most recent SEC filing. Institutional investors own 16.77% of the company’s stock.

Standard Lithium Company Profile

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.