Piedmont Lithium (NASDAQ: PLL) is one of 26 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its rivals? We will compare Piedmont Lithium to related companies based on the strength of its earnings, valuation, profitability, risk, dividends, institutional ownership and analyst recommendations.
Risk and Volatility
Piedmont Lithium has a beta of 1.66, meaning that its stock price is 66% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s rivals have a beta of 1.13, meaning that their average stock price is 13% more volatile than the S&P 500.
This table compares Piedmont Lithium and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Piedmont Lithium||N/A||-$9.95 million||-5.27|
|Piedmont Lithium Competitors||$1.80 billion||$230.45 million||20.65|
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 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%|
Insider & Institutional Ownership
0.1% of Piedmont Lithium shares are owned by institutional investors. Comparatively, 46.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 0.7% of Piedmont Lithium shares are owned by insiders. Comparatively, 14.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
This is a summary of current ratings for Piedmont Lithium and its rivals, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Piedmont Lithium Competitors||310||960||1080||36||2.35|
As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 7.51%. Given Piedmont Lithium’s rivals higher probable upside, analysts plainly believe Piedmont Lithium has less favorable growth aspects than its rivals.
Piedmont Lithium rivals beat Piedmont Lithium on 9 of the 10 factors compared.
About Piedmont Lithium
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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