Standard Lithium (NYSE:SLI) Price Target Raised to $4.40 at Canaccord Genuity Group

Standard Lithium (NYSE:SLI) had its target price boosted by Canaccord Genuity Group from $3.90 to $4.40 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a speculative buy rating on the stock.

Standard Lithium Stock Performance

SLI opened at $1.76 on Monday. The firm has a 50 day moving average price of $1.90 and a 200 day moving average price of $1.55. The company has a market cap of $304.04 million, a PE ratio of 2.98 and a beta of 1.79. Standard Lithium has a 1 year low of $1.05 and a 1 year high of $2.64.

Standard Lithium (NYSE:SLI) last posted its earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). On average, sell-side analysts predict that Standard Lithium will post -0.05 earnings per share for the current year.

Institutional Trading of Standard Lithium

Large investors have recently bought and sold shares of the company. MBA Advisors LLC acquired a new stake in Standard Lithium in the third quarter valued at approximately $37,000. Legacy Capital Wealth Partners LLC acquired a new stake in Standard Lithium in the second quarter valued at approximately $74,000. XTX Topco Ltd acquired a new stake in Standard Lithium in the second quarter valued at approximately $78,000. Nwam LLC acquired a new stake in Standard Lithium in the third quarter valued at approximately $80,000. Finally, Simmons Bank grew its position in Standard Lithium by 29.4% in the third quarter. Simmons Bank now owns 56,476 shares of the company’s stock valued at $91,000 after acquiring an additional 12,840 shares in the last quarter. Institutional investors and hedge funds own 16.77% of the company’s stock.

About Standard Lithium

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.