The average of price targets set by Wall Street analysts indicates a potential upside of 65.3% in Piedmont Lithium Inc. (PLL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Is it a good or bad thing when a stock experiences a golden cross technical event?
North Carolina regulators have given Piedmont Lithium Inc a second extension to submit necessary documents for the company's application to build one of North America's largest lithium mines. State officials since August 2021 have been reviewing how the proposed mine, which has garnered widespread opposition from neighbors in a community just outside Charlotte, could affect water table levels, sewage systems and wildlife, among other factors. Piedmont had been scheduled to provide the information to officials by July 13, 2022.