Macquarie analyst Hayden Bairstow downgraded Core Lithium Ltd (CXOXF – Research Report) to a Hold today and set a price target of A$0.32. The company’s shares closed yesterday at $0.24.
According to TipRanks, Bairstow is a 2-star analyst with an average return of 0.0% and a 50.71% success rate. Bairstow covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Iluka Resources Limited, and Mineral Resources Limited.
Core Lithium Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $0.24.
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CXOXF market cap is currently $455.3M and has a P/E ratio of 56.58.
Based on the recent corporate insider activity of 10 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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