Shares of Standard Lithium Ltd (SLI – Research Report) were revisited by a Wall Street analyst today. Stifel Nicolaus’ analyst Cole McGill reiterates their Buy rating on the shares, with a C$9.00 price target.
According to TipRanks.com, McGill has 0 stars on 0-5 stars ranking scale with an average return of -12.1% and a 26.3% success rate. McGill covers the Basic Materials sector, focusing on stocks such as Lithium Americas (Argentina) Corp., Lithium Americas Corp., and Critical Elements.
Currently, the analyst consensus on Standard Lithium Ltd is a Strong Buy with an average price target of C$8.81, representing a 144.7% upside. In a report issued on November 14, Roth MKM also maintained a Buy rating on the stock with a $7.25 price target.
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 Monday at C$3.56, close to its 52-week low of C$3.14.
Read More on TSE:SLI:
- Standard Lithium Provides Comprehensive Results of Its Fully Optimized and Proven DLE Process
- Standard Lithium Anchors U.S. Lithium Leadership in Smackover Formation, Arkansas, as Global Energy Players Enter the Region
- Standard Lithium price target lowered to $7.25 from $8.25 at Roth MKM
- Standard Lithium Reports Fiscal First Quarter 2024 Results
- SLI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
