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 peers? We will compare Piedmont Lithium to related companies based on the strength of its analyst recommendations, institutional ownership, dividends, valuation, earnings, profitability and risk.
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 company insiders. Comparatively, 14.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by company 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 table compares Piedmont Lithium and its peers’ 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%|
Earnings and Valuation
This table compares Piedmont Lithium and its peers 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 peers have higher revenue and earnings than Piedmont Lithium. Piedmont Lithium is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent ratings and recommmendations for Piedmont Lithium and its peers, as reported 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 peers higher probable upside, analysts clearly believe Piedmont Lithium has less favorable growth aspects than its peers.
Volatility and Risk
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 peers have a beta of 1.13, meaning that their average stock price is 13% more volatile than the S&P 500.
Piedmont Lithium peers 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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