Frontier Lithium (CVE:FL) PT Lowered to C$3.00 at Stifel Nicolaus

Frontier Lithium (CVE:FL) had its target price reduced by Stifel Nicolaus from C$4.80 to C$3.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on FL. Desjardins set a C$2.50 price target on Frontier Lithium and gave the stock a buy rating in a research note on Tuesday, March 5th. Cormark decreased their price target on shares of Frontier Lithium from C$3.75 to C$3.00 in a research note on Thursday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Frontier Lithium currently has an average rating of Moderate Buy and a consensus price target of C$3.29.

Frontier Lithium Stock Performance

Frontier Lithium stock opened at C$0.80 on Tuesday. The firm has a fifty day simple moving average of C$0.84 and a two-hundred day simple moving average of C$0.77. Frontier Lithium has a twelve month low of C$0.41 and a twelve month high of C$2.00. The company has a market capitalization of C$182.10 million, a PE ratio of -7.27 and a beta of 1.38. The company has a quick ratio of 5.19, a current ratio of 4.41 and a debt-to-equity ratio of 0.38.

Frontier Lithium (CVE:FL) last posted its earnings results on Thursday, February 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter.

Frontier Lithium Company Profile

Frontier Lithium Inc engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.