Lithium Royalty (OTC:LITRF) Stock, Quote.Headers.trade-ideas

Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy. Geographically the company generates the majority of its revenue from Australia.

LITHIUM ROYALTY CORP by Lithium Royalty Corp.

Lithium Royalty Corp

Needham analyst Bernie McTernan reiterates Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from Hold to Hold.

News

Reiteration

Analyst Ratings

CHWY

Needham Reiterates Hold on Chewyto Hold

Telsey Advisory Group analyst Cristina Fernandez maintains Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) with a Outperform and lowers the price target from $65 to $60.

Price Target

Telsey Advisory Group Maintains Outperform on Academy Sports, Lowers Price Target to $60

Needham analyst Serge Belanger reiterates NewAmsterdam Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMS#NASDAQ">NAMS</a>) with a Buy and maintains $36 price target.

NAMS

Needham Reiterates Buy on NewAmsterdam Pharma, Maintains $36 Price Target

CIBC analyst Robert Catellier maintains Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperformer and raises the price target from C$61 to C$63.

TSX:ENB

CIBC Maintains Outperformer on Enbridge, Raises Price Target to C$63

<a href="https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/" title="https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/">https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/</a>

Tech

NVDA

Reuters Reported Earlier Taiwan Semiconductor Is In Talks With Nvidia To Produce Its Blackwell Artificial Intelligence Chips TSM's Arizona Plant

Brookline Capital analyst Kemp Dolliver initiates coverage on Y-mAbs Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YMAB#NASDAQ">YMAB</a>) with a Buy rating and announces Price Target of $17.

Initiation

YMAB

Brookline Capital Initiates Coverage On Y-mAbs Therapeutics with Buy Rating, Announces Price Target of $17

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk appreciated support from Rep. Ro Khanna (D-Calif.), who voiced his disapproval of Governor Gavin Newsom&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42175967/whats-going-on-with-tesla-stock-today-3">electric vehicle subsidy plan</a>, which excludes Tesla vehicles.
What Happened: Khanna expressed concerns about the potential impact of political decisions on the electric vehicle industry.
&#8220;Tesla&nbsp;created the electric vehicle revolution&nbsp;— I don&#8217;t&nbsp;think politics should interfere with&nbsp;manufacturing or an issue of&nbsp;our national competitiveness," he said in an appearance on CNBC.
Musk appreciated Khanna's statement, calling him a "sensible moderate."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rep. Khanna is a sensible moderate
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1863962550041207257?ref_src=twsrc%5Etfw">December 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The subsidy plan aims to promote electric vehicle adoption but has sparked debate due to its exclusion of Tesla, the sole EV manufacturer in California.
Khanna&#8217;s remarks highlight concerns about political influence affecting the manufacturing sector and national competitiveness. The exclusion of Tesla from the subsidy could impact the company&#8217;s market presence in California, a significant market for electric vehicles.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/12/42312508/tesla-ceo-elon-musk-agrees-with-apple-co-founder-steve-jobs-on-guiding-talent-you-know-who-the-best-managers-are">Tesla CEO Elon Musk Agrees With Apple Co-Founder Steve Jobs On Guiding Talent: &#8216;You Know Who The Best Managers Are?&#8217;</a>
The controversy surrounding the subsidy plan raises questions about the criteria used to determine eligibility and the potential implications for the broader electric vehicle market.
Why It Matters: Musk <a href="https://www.benzinga.com/tech/24/11/42183055/elon-musk-slams-californias-proposal-to-shut-tesla-evs-out-of-consumer-rebates-in-state-this-is-insane">criticized California&#8217;s proposal</a> to exclude Tesla from consumer rebates, calling it &#8220;insane.&#8221; The proposal, outlined by Governor Newsom, includes &#8220;market-share limitations&#8221; that would exclude Tesla&#8217;s popular EV models from tax credit eligibility.
This situation mirrors a previous incident where&nbsp;<a href="https://www.benzinga.com/news/24/11/41705641/elon-musks-mother-slams-biden-snubbing-tesla-at-ev-summit-3-years-ago-as-the-worst-thing-that-happen">Musk&#8217;s mother</a>, Maye Musk,&nbsp;criticized President Biden for ignoring Tesla at an EV summit in 2021, despite Tesla&#8217;s significant contributions to the electric vehicle industry.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/global/24/12/42283558/elon-musks-doge-co-lead-already-targeting-tesla-rivals-vivek-ramaswamy-flags-stellantis-75b-loan-days-after-criticizing-rivians-66b-loan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s DOGE Co-Lead Already Targeting Tesla Rivals? Vivek Ramaswamy Flags Stellantis&#8217; $7.5B Loan Days After Criticizing Rivian&#8217;s $6.6B Loan</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

General

TSLA

Elon Musk Lauds Ro Khanna, Calls Him A 'Sensible Moderate' After California Democrat Calls Out Gavin Newsom's Exclusion Of Tesla From EV Credit Policy

Goldman Sachs analyst Tito Labarta reinstates Vinci Partners Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) with a Buy and announces $13 price target.

VINP

Goldman Sachs Reinstates Buy on Vinci Partners Inv, Announces $13 Price Target

Business Outlook
For the fourth quarter of 2024, Tuniu expects to generate RMB100.0 million to RMB105.0 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2023. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change.

Guidance

TOUR

Tuniu Expects Q4 Revenue Of RMB100.0M-RMB105.0M, Up By 0%-5% YoY

Earnings

Tuniu Q3 EPADS $0.06, Same YoY, Sales $26.50M Up From $24.42M YoY

BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>), a pioneer in GentleDry&#x2122; dehydration technology, has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector. This partnership marks a significant step in BranchOut's strategy to capture substantial growth in the ingredient channel, with anticipated sales of $5-6 million in 2025 and expected growth in the years ahead.
Along with the LOI, the ingredient distributor has issued an initial purchase order (PO) valued at approximately $250,000. This order is expected to set the stage for a definitive agreement in January 2025, following a planned visit to BranchOut's state-of-the-art production facility in Peru. This agreement will establish BranchOut as the exclusive supplier for multiple products, capitalizing on its GentleDry&#x2122; technology and the cost and quality advantages of its Peru facility.

BranchOut Food Bags $250K Purchase Order Under Deal With A Leading Ingredient Distributor, Eyes $5M-$6M in 2025 Ingredient Sales

The Federal Bureau of Investigation is advising Americans to adopt encrypted messaging apps to safeguard their communications.
What Happened: In a call on Tuesday, the FBI and the Cybersecurity and Infrastructure Security Agency have urged the use of encrypted messaging apps, <a href="https://www.nbcnews.com/tech/security/us-officials-urge-americans-use-encrypted-apps-cyberattack-rcna182694">reported</a> NBC.
Jeff Greene, CISA&#8217;s executive assistant director for cybersecurity, said, &#8220;Encryption is your friend,&#8221; underscoring its role in protecting data even if intercepted.
An unnamed FBI official recommended using devices with strong encryption and timely updates.
See Also: <a href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance?itm_source=parsely-api">Jeff Bezos&#8217; Amazon Unveils Powerful AI Chip Clusters To Supercharge Anthropic&#8217;s Models, Challenging Nvidia And OpenAI&#8217;s Dominance</a>
This came following a major <a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">cyberattack on telecom giants</a> including AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>).
The hacking campaign accessed call records, live calls, and systems under the Communications Assistance for Law Enforcement Act.
The FBI has not confirmed if classified material was compromised. The breach is not believed to have aimed at influencing election results but is seen as a traditional espionage effort by China to gather intelligence on U.S. politics and government.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, senior leaders from the U.S. telecommunications sector and national security agencies convened at the White House to tackle issues surrounding a Chinese cyber-espionage operation aimed at <a href="https://www.benzinga.com/markets/asia/24/10/41556817/trump-vances-phone-data-reportedly-compromised-by-chinese-cyber-group">prominent American political officials</a>.
China has denied the hacking accusations, but U.S. officials remain alarmed by the scale of China's cyber operations, which FBI director Christopher Wray has described as surpassing those of all other major nations combined.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42306998/zuckerberg-seeks-active-role-in-trumps-tech-policies-says-metas-president-of-global-affairs-while-admitting-they-overdid-it-a-bit-during-pandemic-content-crackdown?itm_source=parsely-api">Zuckerberg Seeks &#8216;Active Role&#8217; In Trump&#8217;s Tech Policies, Says Top Executive — Admits Meta &#8216;Overdid It&#8217; During Pandemic Content Crackdown</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Media

LUMN

FBI Warns Of Ongoing China-Backed Telecom Hacks: Here's Why Encrypted Messaging Could Be Your Last Line Of Defense

Stephens &amp; Co. analyst Jeff Lick initiates coverage on CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Equal-Weight rating and announces Price Target of $86.

Stephens & Co. Initiates Coverage On CarMax with Equal-Weight Rating, Announces Price Target of $86

Needham analyst Tom Nikic reiterates Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) from Hold to Hold.

SHOO

Needham Reiterates Hold on Steven Maddento Hold

Elon Musk's SpaceX&nbsp;has completed its first Starlink <a href="https://www.benzinga.com/topic/starlink">satellite constellation</a> aimed at direct-to-cell phone connectivity, making the service fully operational.
What Happened: Making the announcement, Musk revealed that the current bandwidth per beam is approximately 10Mb, with future constellations expected to enhance this capability.
The completion of this constellation was made possible by launching 20&nbsp;Starlink&nbsp;satellites via the&nbsp;Falcon 9&nbsp;rocket.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The first Starlink satellite direct to cell phone constellation is now complete. This will enable unmodified cellphones to have Internet connectivity in remote areas. Bandwidth per beam is only ~10Mb, but future constellations will be much more capable. <a href="https://t.co/wJHMGEzzE4">https://t.co/wJHMGEzzE4</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1864571206004838425?ref_src=twsrc%5Etfw">December 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/general/space/24/11/42000554/spacex-speeds-up-mission-launches-with-a-new-one-taking-off-every-other-day-over-last-month-as-it-races-towards-its-2024-target">SpaceX Speeds Up Mission Launches With A New One Taking Off Every Other Day Over Last Month As It Races Towards Its 2024 Target</a> 
This initiative is part of Starlink&#8217;s broader mission to extend global Internet coverage, particularly in regions where traditional connectivity poses challenges.
Shedding light on Starlink's performance, Australian consumer watchdog, ACCC, revealed that SpaceX's satellite constellation delivered better results than local rival NBN's Sky Muster service.
While Starlink delivered average download speeds and latency of 470 Mbps and 29.8 milliseconds, NBN's service managed only 111 Mbps and 664.9 milliseconds, respectively.
Why It Matters: The recent operational status of Starlink&#8217;s satellite constellation follows a series of strategic developments.
In late November,&nbsp;<a href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means">SpaceX secured</a> a commercial license from the Federal Communications Commission (FCC) for its Starlink Direct-to-Cell service. This license permits SpaceX to operate its Gen2 Starlink satellites for non-geostationary orbit fixed-satellite services, marking a pivotal step in expanding satellite-based mobile connectivity.
Earlier, in October,&nbsp;<a href="https://www.benzinga.com/news/24/10/41622928/nasa-endorses-initial-deployment-of-400-starlink-satellites-closer-to-earth-will-conduct-study-to-ga">NASA endorsed</a>&nbsp;the initial deployment of 400 Starlink satellites closer to Earth. This move is part of a study to assess the impact on travel to and from the International Space Station (ISS). NASA&#8217;s support underscores the potential benefits of deploying satellites at lower altitudes.
Additionally,&nbsp;<a href="https://www.benzinga.com/news/24/10/41449080/elon-musk-says-starlink-will-improve-significantly-with-multi-gigabit-bandwidth-after-spacexs-starsh">Musk&nbsp;has indicated</a> that the third generation of Starlink satellites will significantly improve Internet speeds, offering multi-gigabit bandwidth. These advancements are expected to be launched on SpaceX&#8217;s larger Starship vehicle, promising a tenfold increase in bandwidth and reduced latency.
SpaceX is also reportedly&nbsp;<a href="https://www.benzinga.com/24/12/42284383/spacex-in-talks-for-tender-offer-valuing-company-at-about-350b-report" target="_blank" rel="noreferrer noopener">preparing to launch a tender offer</a>&nbsp;that values the company at $250 billion. While the company is private, investors can leverage&nbsp;Destiny Tech100 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>) and&nbsp;Cathie Wood‘s&nbsp;Ark Venture Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKVX#NASDAQ">ARKVX</a>)&nbsp;to participate in the Musk-led space company's growth.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41592030/worried-starlink-wont-work-on-cell-phones-indoors-spacex-engineer-clears-the-air">Worried Starlink Won&#8217;t Work On Cell Phones Indoors? SpaceX Engineer Clears The Air</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: SpaceX

SPACE

ARKVX

DXYZ

Elon Musk's SpaceX Completes First Starlink Satellite Constellation For Cell Phones

Ascendiant Capital analyst Edward Woo maintains IGC Pharma (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IGC#AMEX">IGC</a>) with a Buy and raises the price target from $3.75 to $4.

Ascendiant Capital Maintains Buy on IGC Pharma, Raises Price Target to $4

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares jumped 8.13% in pre-market trading on Thursday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/12/42331261/bitcoin-hits-historic-100000-milestone-michael-saylor-gets-ready-for-party">surpassed $100,000 for the first time</a>, continuing the software company&#8217;s stellar performance in 2024.
What Happened: The company&#8217;s stock reached $438.43 in pre-market trading, building on Wednesday&#8217;s close of $406.00. MicroStrategy, which holds approximately $40 billion in Bitcoin, has seen its shares surge over 490% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
The historic Bitcoin rally, with the cryptocurrency currently trading at $102,868 and up 133.13% this year, has sparked significant <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42331483/michael-saylors-bitcoin-strategy-drives-microstrategys-490-surge-hedge-fund-cio-says-its-an-extreme-example-of-volatility-monetization">institutional interest in MicroStrategy</a>. Major hedge funds, including Calamos Advisors LLC, have invested in the company's $6 billion convertible note offerings used to finance its Bitcoin acquisitions.
&#8220;There is going to be a 100K Party,&#8221; posted MicroStrategy CEO Michael Saylor, a prominent Bitcoin advocate, as the cryptocurrency reached the milestone.
However, some <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42331483/michael-saylors-bitcoin-strategy-drives-microstrategys-490-surge-hedge-fund-cio-says-its-an-extreme-example-of-volatility-monetization">analysts urge caution</a>. David Trainer, CEO of New Constructs LLC, warned: &#8220;It could be a giant house of cards that will crush many shareholders when it crashes.&#8221;
See Also: <a href="https://www.benzinga.com/24/12/42333041/teslas-bitcoin-holdings-criticized-by-gary-black-calls-them-irrelevant-to-tsla-stock-price-and-urges-focus-on-ev-growth-and-capital-allocation">Gary Black Says Tesla&#8217;s Bitcoin Holdings Not &#8216;Relevant&#8217; To TSLA&#8217;s Stock Price, Urges Focus On EV Expansion And Share Buybacks</a>
MicroStrategy&#8217;s stock volatility <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42331483/michael-saylors-bitcoin-strategy-drives-microstrategys-490-surge-hedge-fund-cio-says-its-an-extreme-example-of-volatility-monetization">averages 5.2% daily movements</a>, significantly higher than the S&amp;P 500&#8217;s 0.6%. The company&#8217;s aggressive Bitcoin acquisition strategy has transformed it from a traditional enterprise software company into a prominent cryptocurrency investment vehicle.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">data from Benzinga Pro</a>, MicroStrategy has a consensus price target of $449.50 from 12 analysts, with a high of $690 and a low of $140. The average price target from recent ratings by TD Cowen, Barclays, and Benchmark is $563.33, implying a 28.38% upside.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05042554/Screenshot-2024-12-05-at-2.55.05%E2%80%AFPM-1024x380.png" alt="" class="wp-image-678226" /></figure>
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</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Pre-Market Outlook

Markets

$BTC

MSTR

MicroStrategy Shares Rise Over 8% In Pre-Market As Michael Saylor Prepares For 'Party' After Bitcoin Touches Historic $102K Mark

Ascendiant Capital analyst Edward Woo maintains BioSig Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSGM#NASDAQ">BSGM</a>) with a Buy and raises the price target from $2.5 to $2.75.

BSGM

Ascendiant Capital Maintains Buy on BioSig Technologies, Raises Price Target to $2.75

Mizuho analyst Uy Ear downgrades Relmada Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLMD#NASDAQ">RLMD</a>) from Outperform to Neutral and lowers the price target from $23 to $1.

Downgrades

RLMD

Mizuho Downgrades Relmada Therapeutics to Neutral, Lowers Price Target to $1

Ascendiant Capital analyst Edward Woo maintains Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) with a Buy and lowers the price target from $19 to $16.

SOPA

Ascendiant Capital Maintains Buy on Society Pass, Lowers Price Target to $16

Lithium Royalty GAAP EPS of -$0.02

Lithium Royalty Corp. (LITRF) Q4 2023 Earnings Call Transcript

Lithium Royalty reports Q1 results

Lithium Royalty Corp. reports Q1 results

Lithium Royalty Corp. (LITRF) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lithium prices may finally be bottoming out, creating an opportunity for some of the top <a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">lithium stocks</a> to buy now.



For one, according to Canaccord Genuity lithium prices are &ldquo;poised to rebound by July.&rdquo; 



&ldquo;Canaccord says it&rsquo;s more confident in its current view that lithium has bottomed than it was last May due to production prices for lithium carbonate equivalent recently falling across several producers,&rdquo; they added, according to&nbsp;<a href="https://www.northernminer.com/analysis/lithium-prices-and-equities-to-rise-from-bottom-by-july-canaccord-genuity-says/1003864812/#:~:text=News%20%E2%96%BA-,Lithium%20prices%20and%20equities%20to%20rise,by%20July%2C%20Canaccord%20Genuity%20says&amp;text=Prices%20for%20lithium%20and%20the,ago%2C%20Canaccord%20Genuity%20analysts%20say.">NorthernMiner.com</a>.



Two, as noted in Lithium Royalty Corp.&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/litrf-stock-quote/">LITRF</a>) <a href="https://www.morningstar.com/news/business-wire/20240513203604/lithium-royalty-corp-reports-q1-2024-results">latest earnings report</a>, &ldquo;lithium prices appeared to reach a bottom during the quarter with prices firming up in March. Current market prices for spodumene are trading approximately 25% higher than the lows seen in January and February this year as demand signals continue to firm up led by growth from China.&rdquo;



Three,&nbsp;<a href="https://www.statista.com/statistics/452025/projected-total-demand-for-lithium-globally/">according to Statista</a>, by 2030, global demand for lithium is expected to pass 2.4 metric tons, which doubles the demand forecast for 2025. All of which tell us it&rsquo;s time to pick up beaten-down lithium stocks to buy, including:



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>After pulling back from $137.50, Albemarle (NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>) again found support at $124.31 and bounced back to $127.60. From here, I&rsquo;d like to see ALB initially retest $137.50, especially with lithium prices finally bottoming out.&nbsp;&nbsp;



Making ALB even more attractive as another one of the top lithium stocks to buy, it recently declared a dividend of 40 cents, payable on July 1 to shareholders of record as of June 14.



Helping, the electric vehicle market is showing signs of life again, according to the International Energy Agency. &ldquo;Every other car sold globally in 2035 is set to be electric based on today&rsquo;s energy, climate and industrial policy settings, as reflected in the IEA&rsquo;s Stated Policies Scenario. This has significant impacts on the car fleet. As soon as 2030, almost one in three cars on the roads in China is electric in this scenario, and almost one in five in both the United States and European Union,&rdquo; <a href="https://www.iea.org/reports/global-ev-outlook-2024/executive-summary">noted the IEA</a>.



With these growing catalysts, I&rsquo;d like to see ALB closer to $200 again near term.



<h2>Sociedad Quimia Y Minera (SQM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/sqm-stock-1-300x169.jpg" alt="Sociedad Quimica y Minera logo displayed on a mobile phone with the company's web page on it. SQM stock"><div>Source: madamF / Shutterstock.com</div></div>I&rsquo;d also use weakness in Sociedad Quimica Y Minera (NYSE:<a href="https://investorplace.com/stock-quotes/sqm-stock-quote/">SQM</a>) as an opportunity.



After finding support at $42.50, SQM ran back to $49.46. Now, if it can break above resistance at around $51, it could potentially retest $62. Also, while we wait for the recovery, we can collect its $0.2134 quarterly dividend, payable May 28 to shareholders of record as of May 10.



Granted, recent earnings weren&rsquo;t so hot. Its earnings per share loss of $3.04 missed by $1.46. Revenue of $1.08 billion, down 55.2% year over year missed by $60 million. But that&rsquo;s to be expected when lithium prices plunge as they have. However, the company did revise and increased its lithium sales volume guidance.



&ldquo;We believe that the strong demand growth in lithium market seen since the beginning of the year could continue for the remainder of the year, with total lithium demand surpassing 1.1 million metric tons during 2024,&rdquo; <a href="https://www.prnewswire.com/news-releases/sqm-reports-earnings-for-the-three-months-ended-march-31-2024-302153702.html">said SQM CEO Ricardo Ramos</a>.



&ldquo;Given this positive trend in demand growth, especially in&nbsp;China&nbsp;which accounts for almost 75% of global lithium demand, and our updated sales volumes outlook for the year, we believe that our sales volumes could reach 200,000 metric tons in 2024,&rdquo; he added.



<h2>Piedmont Lithium (PLL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pll1600-300x169.png" alt="Person holding cellphone with logo of US mining company Piedmont Lithium Inc. (PLL) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>The last time <a href="https://investorplace.com/2024/05/3-lithium-stocks-that-could-make-you-a-fortune-if-you-dare/">I mentioned</a> Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>), I noted:



&ldquo;The company just secured its much-anticipated North Carolina mining permit. With that,&nbsp;<a href="https://www.businesswire.com/news/home/20240415485352/en/Piedmont-Lithium-Receives-Mining-Permit-Approval-for-Carolina-Lithium">according to Piedmont Lithium President and CEO Keith Phillips</a>, &lsquo;We plan to develop Carolina Lithium as one of the lowest-cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain.'&rdquo;



That was on May 2, as PLL traded at $12.20. Today, after testing $16.59, PLL is now trading at $14.50, and is still a strong buy opportunity. Earnings weren&rsquo;t too hot here either, with lithium prices down. The EPS loss was 61 cents, missing expectations by 73 cents. Revenue of $13.4 million missed by $1.28 million.



However, with lithium prices bottoming out, electric vehicle sales accelerating, and its approved project in North Carolina, I&rsquo;d like to see PLL double, if not triple from its current undervalued price of $14.50.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/if-you-can-only-buy-one-lithium-stock-in-may-it-better-be-one-of-these-3-names/">If You Can Only Buy One Lithium Stock in May, It Better Be One of These 3 Names</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

If You Can Only Buy One Lithium Stock in May, It Better Be One of These 3 Names

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lithium demand is about to skyrocket, opening opportunities for some of the most undervalued <a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">lithium stocks</a> available.



First, <a href="https://www.statista.com/statistics/452025/projected-total-demand-for-lithium-globally/#:~:text=Increases%20in%20battery%20demand%20for,3.8%20million%20tons%20by%202035.">according to Statista</a>, global demand is set to soar, noting it could reach 3.8 million tons by 2035. That&rsquo;s a sizable jump from just over a million tons this year as the world attempts to go green.



Second, the <a href="https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions/executive-summary#">International Energy Agency</a> says that based on current electric vehicles and battery storage, lithium demand could soar 13 times over by 2040. Prices are set to follow.



According to Canaccord Genuity, lithium prices are &ldquo;poised to rebound by July.&rdquo; In fact,&nbsp;&ldquo;Canaccord says it&rsquo;s more confident in its current view that lithium has bottomed than it was last May due to production prices for lithium carbonate equivalent recently falling across several producers,&rdquo; they added, according to&nbsp;<a href="https://www.northernminer.com/analysis/lithium-prices-and-equities-to-rise-from-bottom-by-july-canaccord-genuity-says/1003864812/#:~:text=News%20%E2%96%BA-,Lithium%20prices%20and%20equities%20to%20rise,by%20July%2C%20Canaccord%20Genuity%20says&amp;text=Prices%20for%20lithium%20and%20the,ago%2C%20Canaccord%20Genuity%20analysts%20say.">NorthernMiner.com</a>.



Plus, as noted in&nbsp;Lithium Royalty&rsquo;s&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/litrf-stock-quote/">LITRF</a>)&nbsp;<a href="https://www.morningstar.com/news/business-wire/20240513203604/lithium-royalty-corp-reports-q1-2024-results">latest earnings report</a>, &ldquo;lithium prices appeared to reach a bottom during the quarter with prices firming up in March. Current market prices for spodumene are trading approximately 25% higher than the lows seen in January and February this year as demand signals continue to firm up led by growth from China.&rdquo;



It&rsquo;s just another reason to start jumping into some of the most undervalued lithium stocks.



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>Weakness in Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) is an opportunity. After failing at double top resistance dating back to February, the lithium giant has since slipped to $118. From here, I&rsquo;d like to see it retest $137.50.&nbsp;



As we wait for ALB&rsquo;s rise, we can collect its 40 cents per share dividend, payable July 1 to shareholders of record as of June 14. In addition,&nbsp;analysts at&nbsp;Deutsche Bank just <a href="https://www.investing.com/news/company-news/deutsche-bank-lifts-albemarle-stock-pt-on-strong-q1-ebitda-93CH-3424407">raised their price target on ALB</a>&nbsp;to $140 with a hold rating. RBC Capital also&nbsp;<a href="https://www.sahmcapital.com/news/content/rbc-capital-reiterates-outperform-on-albemarle-maintains-157-price-target-2024-05-24">raised its target to $157</a>, with an outperform rating thanks to strong earnings.



In its first quarter, the company posted adjusted earnings per share of 26 cents on sales of $1.4 billion. The market was only looking for 25 cents on $1.3 billion in sales. A year-over-year decline is normal when lithium prices plummet. Give ALB time to work out.



<h2>American Lithium (AMLI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600d-300x169.jpg" alt="Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around it. favorite Lithium stocks"><div>Source: GrAl / Shutterstock.com</div></div>Another one of the most undervalued lithium stocks to buy is American Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/amli-stock-quote/">AMLI</a>). Most recently, it dropped from about 85 cents to 67 cents, where it appears to have caught strong support. From here, I&rsquo;d like to see it initially retest 85 cents, and potentially run back to $1.



Helping, analysts at National Bank just <a href="https://pro.thestreet.com/thefly-newsbreaks/amli-american-lithium-initiated-with-bullish-view-at-national-bank-heres-why">initiated coverage of AMLI</a> with an outperform rating with a $1.50 price target.&nbsp;&nbsp;



We also have to remember that AMLI&nbsp;tripled the estimated value of its Falchani lithium projects in Peru. &ldquo;The company said Falchani&rsquo;s estimated value has tripled from the previous forecast to $5.11B and that the project would have a potential operating life of 32 years,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4053784-american-lithium-jumps-after-unveiling-pea-results-for-key-peru-project">as noted by Seeking Alpha</a>.



In addition, as noted by AMLI CEO Simon Clarke, &ldquo;Going forward, with lithium prices appearing to have bottomed and uranium prices having strengthened further, we feel we are uniquely placed to benefit from any sustained recovery and in the interim, we continue to prudently manage our working capital.&rdquo;



<h2>Piedmont Lithium (PLL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pll1600-300x169.png" alt="Person holding cellphone with logo of US mining company Piedmont Lithium Inc. (PLL) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Piedmont Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/pll-stock-quote/">PLL</a>) appears to have bottomed out at around $12.63. From here, I&rsquo;d like to see it retest $16 near term.&nbsp;



Remember, as I&rsquo;ve noted, the biggest catalyst for Piedmont is North Carolina. As I said on May 2, &ldquo;the company just secured its much-anticipated North Carolina mining permit.&rdquo;&nbsp;



Also,&nbsp;according to Piedmont Lithium President and CEO <a href="https://www.businesswire.com/news/home/20240415485352/en/Piedmont-Lithium-Receives-Mining-Permit-Approval-for-Carolina-Lithium">Keith Phillips</a>, &ldquo;We plan to develop Carolina Lithium as one of the lowest-cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain.&rdquo;



In addition, the company noted, &ldquo;The mining permit is a catalyst for accelerating discussions with potential funding parties, including government loan agencies and strategic partners who could provide capital, offtake, and technical support. The Company expects, based on its published technical studies, Carolina Lithium to be a low-cost producer of spodumene concentrate and lithium hydroxide and a key contributor to U.S. energy security.&rdquo;



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines.</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/the-3-most-undervalued-lithium-stocks-to-buy-in-june-2024/">The 3 Most Undervalued Lithium Stocks to Buy in June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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