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Bradda Head Lithium will receive $10M from Lithium Royalty Corp

 
Bradda Head Lithium (BHL.L), which aims to advance its sedimentary lithium project in Arizona, has announced it was able to sign a royalty and investment…

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This article was originally published by Caesars Report

Bradda Head Lithium (BHL.L), which aims to advance its sedimentary lithium project in Arizona, has announced it was able to sign a royalty and investment deal with Lithium Royalty Corp. The latter will subscribe for $2M in new shares priced at 7.7 pence, and will acquire a 2% Gross Overriding Royalty on the claims for a cash payment of US$8M.

The $8M cash payment will be staged: $2.5M will be paid on closing, an additional $2.5M will be paid once the company has outlined a resource of 1 million tonnes of lithium carbonate equivalent at a grade exceeding 800 ppm while the final $3M will be paid once Bradda Head confirms a resource of at least 2.5 million tonnes of LCE at the same grade.

This seems to indicate how ‘desperate’ Lithium Royalty Corp is to spend its cash. The project it’s investing in doesn’t even have a resource yet so even in a best case scenario, the project is at least a decade away from production. But of course, this bet could pay off nicely as a 2% GOR could potentially be very valuable should Bradda Head indeed define an economically viable project. Should the project produce 25,000 tonnes of LCE per year at an LCE price of $20,000/t (these are just theoretical assumptions of course), the 2% GOR will yield about $10M per year so although it is risky to purchase a royalty on a non-resource stage project, the risk/reward ratio looks interesting for Lithium Royalty.


Disclosure: The author has no position in Bradda Head. Please read our disclaimer.

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Energy & Critical Metals

Plug Power (NASDAQ:PLUG) Rating Lowered to Hold at Zacks Investment Research

Plug Power (NASDAQ:PLUG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors…

Plug Power (NASDAQ:PLUG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “

PLUG has been the topic of a number of other reports. TheStreet downgraded shares of Plug Power from a “c-” rating to a “d+” rating in a research report on Thursday, December 16th. Wells Fargo & Company lowered their price objective on shares of Plug Power from $40.00 to $26.00 in a research report on Thursday, January 20th. KeyCorp started coverage on shares of Plug Power in a research report on Wednesday, January 5th. They set an “overweight” rating and a $40.00 price objective on the stock. Wolfe Research boosted their price objective on shares of Plug Power from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 10th. Finally, Citigroup lowered their price objective on shares of Plug Power from $56.00 to $37.00 in a research report on Tuesday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $39.78.

PLUG stock opened at $18.76 on Thursday. Plug Power has a 52-week low of $17.51 and a 52-week high of $70.51. The company’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $29.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 17.74 and a quick ratio of 16.89. The firm has a market capitalization of $10.81 billion, a P/E ratio of -11.65 and a beta of 1.45.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Tuesday, November 9th. The electronics maker reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.10). The firm had revenue of $143.92 million for the quarter, compared to analyst estimates of $142.87 million. During the same quarter in the prior year, the company earned ($0.11) EPS. Sell-side analysts predict that Plug Power will post -0.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PLUG. Activest Wealth Management bought a new stake in shares of Plug Power during the 4th quarter worth $28,000. SRS Capital Advisors Inc. raised its stake in Plug Power by 53.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,150 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Evolution Wealth Advisors LLC raised its stake in Plug Power by 185.1% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 1,280 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 831 shares during the last quarter. Moors & Cabot Inc. raised its stake in Plug Power by 311.4% during the 3rd quarter. Moors & Cabot Inc. now owns 36,000 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 27,250 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in Plug Power by 160.5% during the 3rd quarter. Gradient Investments LLC now owns 1,542 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 950 shares during the last quarter. 49.21% of the stock is owned by institutional investors and hedge funds.

Plug Power Company Profile

Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.

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UPM-Kymmene Oyj (OTCMKTS:UPMMY) Upgraded to Buy at Danske

Danske upgraded shares of UPM-Kymmene Oyj (OTCMKTS:UPMMY) from a sell rating to a buy rating in a research note published on Tuesday morning, The Fly reports….

Danske upgraded shares of UPM-Kymmene Oyj (OTCMKTS:UPMMY) from a sell rating to a buy rating in a research note published on Tuesday morning, The Fly reports.

Several other equities analysts have also commented on UPMMY. UBS Group reissued a neutral rating on shares of UPM-Kymmene Oyj in a report on Wednesday, October 27th. DNB Markets raised UPM-Kymmene Oyj from a hold rating to a buy rating in a report on Monday, January 24th. Finally, Credit Suisse Group reissued a neutral rating on shares of UPM-Kymmene Oyj in a report on Thursday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold.

Shares of OTCMKTS UPMMY opened at $36.46 on Tuesday. UPM-Kymmene Oyj has a 12-month low of $34.43 and a 12-month high of $41.77. The business’s fifty day simple moving average is $37.70 and its 200-day simple moving average is $38.05.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj engages in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for the petrochemical industry.

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Jefferies Financial Group Analysts Give Klöckner & Co SE (ETR:KCO) a €14.35 Price Target

Jefferies Financial Group set a €14.35 ($16.31) price objective on Klöckner & Co SE (ETR:KCO) in a report issued on Wednesday morning, Borsen Zeitung…

Jefferies Financial Group set a €14.35 ($16.31) price objective on Klöckner & Co SE (ETR:KCO) in a report issued on Wednesday morning, Borsen Zeitung reports.

KCO has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft set a €16.10 ($18.30) price objective on shares of Klöckner & Co SE in a report on Thursday, November 4th. Nord/LB set a €13.00 ($14.77) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 3rd. Credit Suisse Group set a €9.20 ($10.45) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 10th. Warburg Research set a €15.50 ($17.61) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 3rd. Finally, Kepler Capital Markets set a €10.00 ($11.36) target price on shares of Klöckner & Co SE in a research note on Thursday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Klöckner & Co SE currently has an average rating of Buy and a consensus price target of €12.81 ($14.55).

KCO stock opened at €9.81 ($11.14) on Wednesday. The company’s 50-day moving average price is €10.37 and its 200 day moving average price is €11.05. The company has a current ratio of 2.04, a quick ratio of 0.88 and a debt-to-equity ratio of 27.18. Klöckner & Co SE has a 52 week low of €7.30 ($8.30) and a 52 week high of €13.49 ($15.33). The company has a market cap of $978.05 million and a P/E ratio of 2.16.

About Klöckner & Co SE

Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Kloeckner Metals US, Kloeckner Metals Services Europe, Kloeckner Metals Switzerland, and Kloeckner Metals Distribution Europe segments. The company’s product portfolio includes flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and special products for building installations, roof and wall construction, and water supply.

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