Roth MKM Sticks to Its Buy Rating for Standard Lithium Ltd (SLI)
In a report released today, Joseph Reagor from Roth MKM reiterated a Buy rating on Standard Lithium Ltd, with a price target of $5.50.
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According to TipRanks, Reagor is a 5-star analyst with an average return of 23.6% and a 52.52% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as E3 Lithium, Nouveau Monde Mining, and Standard Lithium Ltd.
Currently, the analyst consensus on Standard Lithium Ltd is a Strong Buy with an average price target of C$7.01.
Based on Standard Lithium Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$4.98 million. In comparison, last year the company had a net profit of C$177.74 million
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLI in relation to earlier this year.
Read More on TSE:SLI:
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