Marex Group plc Makes New $665,000 Investment in 5E Advanced Materials, Inc. $FEAM

Marex Group plc acquired a new position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 188,917 shares of the company’s stock, valued at approximately $665,000.

Wall Street Analysts Forecast Growth

FEAM has been the topic of a number of research analyst reports. Maxim Group set a $7.00 price target on 5E Advanced Materials and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. HC Wainwright restated a “buy” rating and issued a $9.25 target price on shares of 5E Advanced Materials in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.13.

5E Advanced Materials Stock Performance

NASDAQ FEAM opened at $3.82 on Monday. The stock has a market capitalization of $85.72 million, a P/E ratio of -0.54 and a beta of 1.61. 5E Advanced Materials, Inc. has a 52 week low of $2.82 and a 52 week high of $24.84. The stock has a fifty day moving average of $4.67 and a 200-day moving average of $4.14.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.07. Equities research analysts forecast that 5E Advanced Materials, Inc. will post -9.22 earnings per share for the current fiscal year.

5E Advanced Materials Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.