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An announcement from Piedmont Lithium ( (PLL) ) is now available.
On May 28, 2025, Piedmont Lithium Inc. announced that Vinland Lithium Inc. shares began trading on the TSX Venture Exchange. Piedmont, through its subsidiary, holds a 19.90% stake in Vinland, having acquired 2,000,000 shares for C$2,000,000. This move is part of Piedmont’s general investment strategy, with potential actions including acquiring more shares or disposing of them based on market conditions. The shares are subject to a 36-month escrow agreement, with gradual release over the period. This development marks a significant step in Piedmont’s investment activities, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (PLL) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Piedmont Lithium stock, see the PLL Stock Forecast page.
Spark’s Take on PLL Stock
According to Spark, TipRanks’ AI Analyst, PLL is a Neutral.
Piedmont Lithium’s overall stock score reflects the company’s struggle with profitability and cash flow, balanced by positive strategic initiatives and project developments. The financial performance significantly impacts the score, while technical trends and valuation present challenges. The company’s forward-looking strategies and recent corporate advancements offer some optimism for future prospects.
To see Spark’s full report on PLL stock, click here.
More about Piedmont Lithium
Piedmont Lithium Inc. is a leading North American supplier of lithium products essential for the U.S. electric vehicle supply chain. The company is focused on developing a world-class, multi-asset, integrated lithium business aimed at supporting the transition to a net zero world and a clean energy economy in North America. Piedmont’s projects include the Carolina Lithium project in the U.S., and partnerships in Quebec with Sayona Mining and in Ghana with Atlantic Lithium.
Average Trading Volume: 259,798
Technical Sentiment Signal: Sell
Current Market Cap: $143.7M
Learn more about PLL stock on TipRanks’ Stock Analysis page.