Piedmont Lithium Limited – Consensus Indicates Potential 48.1% Upside

Broker Ratings
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Piedmont Lithium Limited with ticker code (PLL) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 50 and 36 and has a mean target at 41.25. Given that the stocks previous close was at 27.85 this indicates there is a potential upside of 48.1%. The 50 day MA is 26.39 while the 200 day moving average is 16.03. The market capitalisation for the company is $373m. You can visit the company’s website by visiting: http://www.piedmontlithium.com

The potential market cap would be $552m based on the market concensus.

Piedmont Lithium Limited engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 2,126 acres in the North Carolina, the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017. Piedmont Lithium Limited was incorporated in 1983 and is based in Perth, Australia.

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