Equities Analysts Issue Forecasts for ELBM FY2025 Earnings

Electra Battery Materials Corporation (NASDAQ:ELBM) – Equities researchers at HC Wainwright cut their FY2025 earnings per share (EPS) estimates for Electra Battery Materials in a report released on Tuesday, June 17th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($1.07) per share for the year, down from their prior forecast of ($0.81). HC Wainwright currently has a “Buy” rating and a $2.20 target price on the stock. The consensus estimate for Electra Battery Materials’ current full-year earnings is ($1.72) per share.

Electra Battery Materials (NASDAQ:ELBM) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.50).

Electra Battery Materials Stock Down 3.7%

NASDAQ ELBM opened at $1.04 on Thursday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.15. Electra Battery Materials has a 1-year low of $0.91 and a 1-year high of $2.83. The company has a 50 day moving average of $1.06 and a 200-day moving average of $1.36. The company has a market cap of $18.68 million, a price-to-earnings ratio of -0.70 and a beta of 2.44.

Institutional Investors Weigh In On Electra Battery Materials

An institutional investor recently raised its position in Electra Battery Materials stock. Scotia Capital Inc. increased its holdings in Electra Battery Materials Corporation (NASDAQ:ELBM) by 53.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,766 shares of the company’s stock after buying an additional 23,290 shares during the period. Scotia Capital Inc. owned 0.45% of Electra Battery Materials worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

Electra Battery Materials Company Profile

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.