Critical Metals (NASDAQ:CRML) Now Covered by Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Critical Metals (NASDAQ:CRML) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set a “speculative buy” rating and a $18.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 124.75% from the stock’s previous close.

CRML has been the subject of a number of other reports. Texas Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.00.

Critical Metals Stock Up 7.5%

Shares of CRML stock traded up $0.56 during trading hours on Tuesday, hitting $8.01. The company’s stock had a trading volume of 1,338,920 shares, compared to its average volume of 13,424,830. Critical Metals has a 12-month low of $3.10 and a 12-month high of $32.15. The company has a 50 day moving average of $10.49 and a 200 day moving average of $10.76.

Institutional Investors Weigh In On Critical Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in CRML. AQR Capital Management LLC acquired a new position in shares of Critical Metals in the 1st quarter valued at $69,000. Rhumbline Advisers grew its position in Critical Metals by 582.5% during the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after buying an additional 36,740 shares during the period. Geode Capital Management LLC increased its holdings in Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after buying an additional 332,878 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Critical Metals by 142.6% in the second quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock valued at $118,000 after buying an additional 19,418 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Critical Metals in the second quarter valued at $226,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Critical Metals

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.