Critical Metals (NASDAQ:CRML) Downgraded by Wall Street Zen to Strong Sell
by Scott Moore · The Cerbat GemWall Street Zen lowered shares of Critical Metals (NASDAQ:CRML – Free Report) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.
CRML has been the topic of a number of other research reports. Freedom Capital downgraded Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Cantor Fitzgerald started coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.
Get Our Latest Stock Analysis on CRML
Critical Metals Price Performance
NASDAQ:CRML opened at $7.03 on Friday. The business’s fifty day moving average price is $6.93 and its 200 day moving average price is $8.74. Critical Metals has a 1-year low of $5.11 and a 1-year high of $32.15.
Hedge Funds Weigh In On Critical Metals
Several institutional investors have recently bought and sold shares of the stock. Empery Asset Management LP bought a new stake in shares of Critical Metals during the 4th quarter worth about $3,411,000. Bank of America Corp DE increased its holdings in shares of Critical Metals by 327.5% during the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after acquiring an additional 176,123 shares during the last quarter. Corient Private Wealth LP raised its position in shares of Critical Metals by 153.9% in the second quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock valued at $1,400,000 after purchasing an additional 82,815 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Critical Metals by 31.1% during the 1st quarter. Bank of New York Mellon Corp now owns 123,904 shares of the company’s stock worth $984,000 after buying an additional 29,427 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in Critical Metals by 10.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 55,253 shares of the company’s stock valued at $383,000 after acquiring an additional 5,253 shares during the period. 86.44% of the stock is currently owned by institutional investors.
Critical Metals Company Profile
Critical Metals Corp. (NASDAQ: CRML) is a mining and development company focused on advancing projects that supply critical minerals used in energy, technology and industrial applications. The company’s portfolio is centered on lithium and rare earth elements, which are important inputs for electric vehicles, batteries, renewable energy systems and advanced manufacturing.
Its flagship asset is the Wolfsberg Lithium Project in Austria. Critical Metals is developing the project as an integrated European lithium operation, with plans covering the production of lithium-related materials for the battery supply chain.