Piedmont Lithium (NASDAQ: PLL) is one of 26 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its rivals? We will compare Piedmont Lithium to similar companies based on the strength of its analyst recommendations, dividends, valuation, risk, institutional ownership, profitability and earnings.
This table compares Piedmont Lithium and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Piedmont Lithium Competitors||14.09%||8.00%||14.31%|
Institutional and Insider Ownership
50.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by institutional investors. 0.7% of Piedmont Lithium shares are held by insiders. Comparatively, 15.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Valuation and Earnings
This table compares Piedmont Lithium and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Piedmont Lithium||N/A||-$9.95 million||-5.26|
|Piedmont Lithium Competitors||$1.80 billion||$230.45 million||20.58|
Piedmont Lithium’s rivals have higher revenue and earnings than Piedmont Lithium. Piedmont Lithium is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current recommendations and price targets for Piedmont Lithium and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Piedmont Lithium Competitors||310||965||1085||36||2.35|
As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 6.83%. Given Piedmont Lithium’s rivals higher possible upside, analysts clearly believe Piedmont Lithium has less favorable growth aspects than its rivals.
Volatility & Risk
Piedmont Lithium has a beta of 1.66, indicating that its stock price is 66% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s rivals have a beta of 1.13, indicating that their average stock price is 13% more volatile than the S&P 500.
Piedmont Lithium rivals beat Piedmont Lithium on 9 of the 10 factors compared.
Piedmont Lithium Company Profile
Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States. It primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 1,092 acres in the Carolina Lithium Belt, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017. Piedmont Lithium Limited is based in Perth, Australia.
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