5E Advanced Materials (NASDAQ:FEAM) Price Target Cut to $1.25 by Analysts at Maxim Group

5E Advanced Materials (NASDAQ:FEAM) had its price objective reduced by Maxim Group from $4.00 to $1.25 in a research note published on Thursday, Benzinga reports. Maxim Group currently has a buy rating on the stock.

Separately, DA Davidson reissued a buy rating and issued a $10.00 price objective on shares of 5E Advanced Materials in a research note on Thursday, September 5th.

5E Advanced Materials Stock Performance

Shares of NASDAQ:FEAM opened at $0.51 on Thursday. The company’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $1.19. The stock has a market capitalization of $31.97 million, a price-to-earnings ratio of -0.45 and a beta of 1.96. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.70 and a quick ratio of 1.38. 5E Advanced Materials has a 1 year low of $0.50 and a 1 year high of $3.35.

Institutional Trading of 5E Advanced Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Leo Wealth LLC bought a new stake in shares of 5E Advanced Materials during the fourth quarter worth $60,000. Bleakley Financial Group LLC bought a new stake in shares of 5E Advanced Materials during the first quarter worth $42,000. AQR Capital Management LLC bought a new stake in shares of 5E Advanced Materials during the second quarter worth $27,000. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials during the second quarter worth $83,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of 5E Advanced Materials during the second quarter worth $61,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.