Analyst Greg Jones CFA of BMO Capital maintained a Buy rating on Standard Lithium Ltd (SLI – Research Report), with a price target of $3.25.
Greg Jones CFA has given his Buy rating due to a combination of factors that highlight Standard Lithium Ltd’s promising future. One of the primary reasons is the company’s premium U.S. lithium brine resources, which are well-suited for Direct Lithium Extraction (DLE). This positions Standard Lithium Ltd advantageously in the market, as these resources are considered high-quality and are expected to support the company’s growth trajectory.
Additionally, Greg Jones CFA points out the company’s phased development strategy, which is backed by extensive demonstration testing. This approach significantly reduces the risks associated with project development, providing a more secure path to achieving their objectives. Furthermore, the potential for long-term growth from the East Texas properties, which have yielded high-grade results, adds another layer of attractiveness to the stock. These elements combined suggest a strong outlook for Standard Lithium Ltd, justifying the Buy rating.
SLI’s price has also changed moderately for the past six months – from C$2.100 to C$1.830, which is a -12.86% drop .