BMO Capital Markets Upgrades Standard Lithium (NYSEAMERICAN:SLI) to "Strong-Buy"
BMO Capital Markets has upgraded Standard Lithium (NYSEAMERICAN:SLI) to a "strong-buy" rating in a recent research note. The stock opened at $2.84, with a market cap of $550.79 million and a P/E ratio of -12.91. Standard Lithium has seen significant institutional investment, with several firms acquiring new positions. The company focuses on lithium brine properties in the U.S., particularly the Lanxess project in Arkansas.
Standard Lithium (NYSEAMERICAN:SLI - Get Free Report) was upgraded by BMO Capital Markets to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.
- Standard Lithium Stock is Breaking New Levels
Separately, Raymond James Financial assumed coverage on Standard Lithium in a research note on Friday, July 11th. They issued an "outperform" rating and a $2.75 price objective for the company.
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Standard Lithium Stock Performance
Shares of SLI stock opened at $2.84 on Wednesday. The firm has a market cap of $550.79 million, a P/E ratio of -12.91 and a beta of 1.69. Standard Lithium has a fifty-two week low of $1.08 and a fifty-two week high of $2.95. The business's 50 day moving average price is $2.22 and its 200-day moving average price is $1.70.
Institutional Trading of Standard Lithium
Several institutional investors have recently made changes to their positions in SLI. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Standard Lithium in the 2nd quarter worth $27,000. Sowell Financial Services LLC acquired a new position in Standard Lithium in the 1st quarter worth $35,000. Naviter Wealth LLC acquired a new position in Standard Lithium in the 1st quarter worth $36,000. Envestnet Asset Management Inc. acquired a new stake in shares of Standard Lithium in the 4th quarter valued at about $37,000. Finally, MBA Advisors LLC raised its stake in shares of Standard Lithium by 28.3% in the 2nd quarter. MBA Advisors LLC now owns 29,500 shares of the company's stock valued at $58,000 after purchasing an additional 6,500 shares in the last quarter. 16.77% of the stock is owned by hedge funds and other institutional investors.
About Standard Lithium
(Get Free Report)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.
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