Piedmont Lithium (NASDAQ: PLL) is one of 26 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it contrast to its competitors? We will compare Piedmont Lithium to related companies based on the strength of its analyst recommendations, valuation, earnings, dividends, profitability, institutional ownership and risk.
Earnings and Valuation
This table compares Piedmont Lithium and its competitors 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|
Volatility & Risk
Piedmont Lithium has a beta of 1.66, suggesting that its share price is 66% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s competitors have a beta of 1.13, suggesting that their average share price is 13% more volatile than the S&P 500.
This table compares Piedmont Lithium and its competitors’ 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 and 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, large money managers and endowments believe a company will outperform the market over the long term.
This is a summary of recent ratings and recommmendations for Piedmont Lithium and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Piedmont Lithium Competitors||310||962||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 competitors higher possible upside, analysts plainly believe Piedmont Lithium has less favorable growth aspects than its competitors.
Piedmont Lithium competitors 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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