The Lithium industry is one that many claims is on the verge of a price explosion. With increasing momentum in the shift towards electric vehicles, the metal continues to see an increase in demand. Analysts point out that demand will continue to outweigh available supply right through 2030. Electric vehicles (EVs) and laptops rely heavily on lithium batteries for their lightweight, power-dense performances. It is no wonder that lithium prices have more than doubled since 2015 because of the insatiable demand for these products, especially electric vehicles.
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Furthermore, many governments have been actively supporting the push toward electric vehicles. This is due to sky-high rocketing oil prices, and the wider trend towards sustainable practices. These conditions have continued to bring the Lithium industry under the spotlight. This, therefore, presents a ripe opportunity for those looking to add a high-growth class of stock to their overall portfolio.
The best lithium stocks, plus the best lithium investing strategies, will enable you to take advantage of the growing interest in this essential commodity. Ultimately, the best lithium stocks for your portfolio are determined by your personal investment objectives. To bring in ease for you in making choice for lithium stocks, Stocks Telegraph is presenting you the 5 best lithium stocks with detailed analysis and stats.
Albemarle Corporation (ALB)
Albemarle Corporation (ALB) stock closed last session at $203.00, increasing 2.37% or $4.7. Shares of the company fluctuated between $202.34 and $206.51 throughout the day. The volume of shares traded was 1.59 million, which is higher than the average volume over the last three months of 1.41 million. During the trading session, the stock oscillated between $202.34 and $206.51.
ALB shares have risen by 19.38% over the last 12 months, and they have moved down by -4.20% in the past week. Over the past three months, the stock has lost -6.58%, while over the past six months, it has shed -16.32%. Further, the company has a current market of $24.22 billion and its outstanding shares stood at 117.07 million.
Investment analysts at Credit Suisse published a research note on June 27, 2022 where it informed investors and clients that Albemarle Corporation (NYSE:ALB) is now rated as Underperform. Their price target on the stock stands at $185. UBS also rated ALB as downgraded on June 02, 2022, with its price target of $260 suggesting that ALB could surge by 21.92% from its current share price. Even though the stock has been trading at $198.30/share, analysts expect it to up by 2.37% to reach $203.00/share.
Sociedad Quimica y Minera de Chile S.A. (SQM)
Sociedad Quimica y Minera de Chile S.A. (SQM) stock added 6.97% to finish last trading session at $89.16. The volume of shares traded was 1.85 million, which is lower than the average volume over the last three months of 2.00 million. During the trading session, the stock oscillated between $85.40 and $89.55.
The company had earnings per share ratio of 4.60. SQM’s stock has gained 5.77% of its value in the previous five sessions and -13.87% over the past one month, but has gained 76.80% on year-to-date basis. The stock’s 50-day moving average of $89.19 is above the 200-day moving average of $69.35. Moreover, the stock is currently trading at RSI of 49.19.
Its 12-month price target is $100.70. To reach the target analysts have set, the stock logically needs to grow -12.94 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $57.66, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $136.00.
Lithium Americas Corp. (LAC)
Lithium Americas Corp. (LAC) stock gained 10.34% to close Thursday’s session at $21.66. The stock volume remained 2.94 million shares, which was lower than the average daily volume of 3.43 million shares within the past 50 days. LAC shares have risen by 57.07% over the last 12 months, and they have moved up by 5.66% in the past week.
Over the past three months, the stock has lost -37.45%, while over the past six months, it has shed -35.78%. Further, the company has a current market of $3.75 billion and its outstanding shares stood at 130.54 million.
The shares of Lithium Americas Corp. (NYSE:LAC) has been pegged with a rating of Buy by Stifel in its latest research note that was published on February 25, 2022. The Basic Materials Company has also assigned a $38 price target. Stifel wasn’t the only research firm that published a report of Lithium Americas Corp., with other equities research analysts also giving their opinion on the stock. HSBC Securities advised investors in its research note published on January 27, 2022, to “a Buy,” the LAC stock while also putting a $36 price target.
The stock had earned Outperform rating from Cowen when it published its report on January 12, 2022. That day the Cowen set price target on the stock to $40. The stock was given Overweight rating by Piper Sandler in its report released on January 11, 2022, the day when the price target on the stock was placed at $41. Deutsche Bank was of a view that LAC is Buy in its latest report on January 11, 2022. Deutsche Bank thinks that LAC is worth Hold rating. This was contained in the firm’s report on November 16, 2021 in which the stock’s price target was also moved to 31.
Piedmont Lithium Inc. (PLL)
Piedmont Lithium Inc. (PLL) stock added 6.99% to finish last trading session at $37.34. The stock recorded a trading volume of 0.53 million shares, which is below the average daily trading volume published for the last 50 days of 0.54 million shares. The shares of Piedmont Lithium Inc. have advanced -3.59% in the last five days; however, they have lost -36.71% over the last one month. The stock price has shed -46.60% over the last three months and has lost -47.32 percent so far this year. Further, the company has a current market of $592.56 million and its outstanding shares stood at 15.87 million.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Piedmont Lithium Inc. And review of current evaluations agreed by the analysts discloses a Buy rating for PLL. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Lower value of between 0 and 2 implies a Buy recommendation whereas the value in the range of 2 to 3 suggests Hold while above 3 recommends the investors to Sell the stock. Currently, the stock has been recommended as a Buy by 7 of the Wall Street analysts.
Livent Corporation (LTHM)
On Thursday, shares in Livent Corporation(LTHM)rise 4.09% to close the day at $21.89. The number of shares exchanged was 4.14 million, greater than the company’s 50-day daily volume of 4.1 million and higher than its Year to date volume of 3.17 million.
The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Livent Corporation (NYSE:LTHM)’s Williams Percent Range or Williams %R at the time of writing to be seated at 76.26% for 9-Day. It is also calculated for different time spans.
Currently for this organization, Williams %R is stood at 76.26% for 14-Day, 88.83% for 20-Day, 90.34% for 50-Day and to be seated 84.46% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Livent Corporation, the RSI reading has hit 39.98 for 14-Day.
