Critical Metals (NASDAQ:CRML) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Critical Metals (NASDAQ:CRML) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm issued a speculative buy rating and a $18.00 target price on the stock.

Several other brokerages have also weighed in on CRML. Texas Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Weiss Ratings upgraded Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Critical Metals has an average rating of “Buy” and an average price target of $18.00.

Critical Metals Trading Up 6.4%

Shares of Critical Metals stock opened at $7.93 on Tuesday. The firm has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $10.76. Critical Metals has a fifty-two week low of $3.10 and a fifty-two week high of $32.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in shares of Critical Metals during the third quarter valued at approximately $25,000. Sunbelt Securities Inc. purchased a new position in shares of Critical Metals in the fourth quarter valued at approximately $28,000. Royal Bank of Canada boosted its stake in shares of Critical Metals by 899.0% in the fourth quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock worth $35,000 after acquiring an additional 4,450 shares during the last quarter. State of Wyoming acquired a new stake in shares of Critical Metals in the first quarter worth approximately $51,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Critical Metals by 95.9% in the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock worth $40,000 after acquiring an additional 3,134 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.