5E Advanced Materials (NASDAQ:FEAM) Stock: Insider Hoff Graham Vant Purchases 60,000 Shares

5E Advanced Materials, Inc. (NASDAQ:FEAM) Director Graham van’t Hoff purchased 60,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were bought at an average price of $3.59 per share, with a total value of $215,400.00. Following the purchase, the director directly owned 102,997 shares of the company’s stock, valued at approximately $369,759.23. The trade was a 139.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

5E Advanced Materials Stock Performance

FEAM stock opened at $3.06 on Thursday. The company has a fifty day moving average of $2.21 and a 200-day moving average of $1.77. 5E Advanced Materials, Inc. has a one year low of $0.90 and a one year high of $7.46.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FEAM shares. Wall Street Zen raised shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. Finally, HC Wainwright increased their target price on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the company a “buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, 5E Advanced Materials currently has an average rating of “Hold” and a consensus target price of $6.75.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in 5E Advanced Materials in the first quarter valued at $268,000. Aristides Capital LLC purchased a new position in shares of 5E Advanced Materials in the first quarter valued at $765,000. AWM Investment Company Inc. acquired a new position in shares of 5E Advanced Materials during the 2nd quarter worth $4,346,000. Finally, Bluescape Energy Partners LLC raised its stake in shares of 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after buying an additional 533,648 shares during the last quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.

Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.

The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.