Maxim analyst Tate Sullivan lowered the firm’s price target on 5E Advanced Metals (FEAM) to $7 from $12 and keeps a Buy rating on the shares. The company reported a Q4 cash burn below its forecast and provided detail in an update call about U.S. reliance on boron imports as well as progress getting boron on the U.S. Critical Mineral list, the analyst tells investors in a research note. Maxim adds that its reduced price target reflects its view for increased cash outflow due to delays in project timing including higher project development spending.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FEAM:
- 5E Advanced Materials Faces Nasdaq Delisting Risk: Implications for Investors and Future Growth
- 5E Advanced Metals remains on track to reach FID by mid-2026
- 5E Advanced Materials Reports Strategic Progress and Future Plans
- Two new option listings and nine option delistings on September 22nd
- FEAM Upcoming Earnings Report: What to Expect?