In a report released yesterday, Andrew Harrington from Petra Capital upgraded Core Lithium Ltd (CXOXF – Research Report) to a Buy, with a price target of A$0.60. The company’s shares closed yesterday at $0.21.
Harrington covers the Basic Materials sector, focusing on stocks such as Sayona Mining, Anson Resources Limited, and Core Lithium Ltd. According to TipRanks, Harrington has an average return of -39.7% and a 6.25% success rate on recommended stocks.
In addition to Petra Capital, Core Lithium Ltd also received a Buy from Macquarie’s Hayden Bairstow in a report issued on September 29. However, on October 4, J.P. Morgan downgraded Core Lithium Ltd (Other OTC: CXOXF) to a Sell.
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CXOXF market cap is currently $537.3M and has a P/E ratio of 62.63.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CXOXF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Core Lithium Ltd (CXOXF) Company Description:
Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, copper deposits in Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects.
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