Wall Street analyst has provided a review today, and retained the same rating on the stock. The NA company, Standard Lithium Ltd (TSXV: SLI) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, McGill is a 1-star analyst with an average return of -7.8% and a 34.5% success rate. McGill covers the Basic Materials sector, focusing on stocks such as Lithium Americas (Argentina) Corp., Lithium Americas Corp., and Arizona Metals.
Currently, the analyst consensus on Standard Lithium Ltd is a Strong Buy with an average price target of C$9.30, implying a 144.1% upside from current levels. In a report issued on October 30, Canaccord Genuity also maintained a Buy rating on the stock with a C$7.50 price target.
Standard Lithium Ltd’s market cap is currently C$693.1M and has a P/E ratio of -16.31.
Standard Lithium Corp is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium Project is located in south-central Arkansas. Its other projects comprise of Lanxess Project, Tetra project, and Bristol Dry Lake Project.
The company’s shares closed last Thursday at C$3.87.
Read More on TSE:SLI:
- Standard Lithium exercises option agreement on South West Arkansas project
- Standard Lithium Exercises Option Agreement on South West Arkansas Project, Solidifying Path Forward Following Positive Feasibility Study and Rising Regional Interest
- Standard Lithium Delivers Highest-Ever North American Lithium Brine Grade 806 mg/L; East Texas Asset Includes Significant Potash and Bromine Concentrations
- Standard Lithium file Definitive Feasibility Study for commercial lithium plant
- Standard Lithium Files Definitive Feasibility Study for its First Commercial Lithium Extraction Plant – Phase 1A
