LADENBURG THALM/SH SH Downgrades Comstock (NYSE:LODE) to Neutral

Comstock (NYSE:LODE) was downgraded by LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a $4.00 price objective on the stock, down from their previous price objective of $12.00. LADENBURG THALM/SH SH’s target price would suggest a potential upside of 70.21% from the company’s current price.

Comstock Stock Up 0.9%

Comstock stock opened at $2.35 on Monday. The company has a market capitalization of $83.39 million, a P/E ratio of -19.58 and a beta of 1.64. The firm’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $2.96. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. Comstock has a 1-year low of $1.50 and a 1-year high of $10.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Belvedere Trading LLC bought a new position in shares of Comstock during the 2nd quarter valued at $55,000. XTX Topco Ltd grew its stake in Comstock by 43.9% in the 4th quarter. XTX Topco Ltd now owns 108,408 shares of the company’s stock valued at $87,000 after buying an additional 33,095 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in Comstock in the 2nd quarter valued at $152,000. PFG Investments LLC grew its stake in Comstock by 218.7% in the 1st quarter. PFG Investments LLC now owns 63,388 shares of the company’s stock valued at $155,000 after buying an additional 43,500 shares during the last quarter. Finally, PEAK6 LLC acquired a new position in Comstock in the 4th quarter valued at $156,000. Institutional investors own 7.96% of the company’s stock.

About Comstock

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.