
Piedmont Lithium (PLL) Stock Forecast & Price Target
Piedmont Lithium (PLL) Analyst Ratings
Bulls say
Piedmont Lithium Inc. demonstrated solid operational performance with a 5% quarter-over-quarter increase in production to 52,141 dmt of spodumene concentrate, coupled with an improved mill utilization rate of 91%, up from 83%. The company's unit operating costs showed a significant 11% improvement quarter-over-quarter, indicating enhanced efficiency despite remaining elevated at US$894/t relative to spot spodumene prices. With the anticipated growth in electric vehicle sales driving increased lithium demand, and potential resource growth from their North Carolina project, Piedmont Lithium is well-positioned for long-term success and value enhancement within the lithium market.
Bears say
Piedmont Lithium Inc. faces a negative outlook primarily due to declining plant recovery rates, which fell to 67% during the latest quarter, indicating operational challenges in maintaining efficiency. The prevailing weakness in the lithium market, characterized by oversupply and declining prices, poses significant commodity price risks that may impact revenue potential and overall financial health. Furthermore, reduced guidance for future shipments and potential delays in project timelines, such as pushing back first production at Ewoyaa by 12 months, further exacerbate the company's financial uncertainties.
This aggregate rating is based on analysts' research of Piedmont Lithium and is not a guaranteed prediction by Public.com or investment advice.
Piedmont Lithium (PLL) Analyst Forecast & Price Prediction
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