Critical Metals (NASDAQ:CRML) Rating Lowered to “Strong Sell” at Wall Street Zen

Critical Metals (NASDAQ:CRML) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on CRML. Weiss Ratings upgraded shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 28th. Cantor Fitzgerald initiated coverage on Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price target for the company. Finally, Freedom Capital cut Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Critical Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Critical Metals Stock Performance

Shares of Critical Metals stock opened at $7.03 on Friday. Critical Metals has a 12-month low of $5.11 and a 12-month high of $32.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The company’s fifty day simple moving average is $6.93 and its two-hundred day simple moving average is $8.73.

Institutional Investors Weigh In On Critical Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. Empery Asset Management LP purchased a new position in shares of Critical Metals during the fourth quarter valued at about $3,411,000. Bank of America Corp DE lifted its holdings in Critical Metals by 327.5% in the first quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock worth $1,825,000 after buying an additional 176,123 shares during the period. Corient Private Wealth LP boosted its position in Critical Metals by 153.9% during the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock valued at $1,400,000 after acquiring an additional 82,815 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Critical Metals by 31.1% during the 1st quarter. Bank of New York Mellon Corp now owns 123,904 shares of the company’s stock valued at $984,000 after acquiring an additional 29,427 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Critical Metals by 10.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 55,253 shares of the company’s stock worth $383,000 after acquiring an additional 5,253 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. (NASDAQ: CRML) is a mining and development company focused on advancing projects that supply critical minerals used in energy, technology and industrial applications. The company’s portfolio is centered on lithium and rare earth elements, which are important inputs for electric vehicles, batteries, renewable energy systems and advanced manufacturing.

Its flagship asset is the Wolfsberg Lithium Project in Austria. Critical Metals is developing the project as an integrated European lithium operation, with plans covering the production of lithium-related materials for the battery supply chain.