Comstock (NYSE:LODE) Now Covered by Analysts at LADENBURG THALM/SH SH

Equities research analysts at LADENBURG THALM/SH SH assumed coverage on shares of Comstock (NYSE:LODE) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. LADENBURG THALM/SH SH’s price target would suggest a potential upside of 257.14% from the stock’s current price.

Comstock Stock Up 0.9%

Shares of Comstock stock opened at $3.36 on Tuesday. The business’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market capitalization of $108.92 million, a P/E ratio of -28.00 and a beta of 1.57. Comstock has a 1-year low of $1.25 and a 1-year high of $10.10.

Hedge Funds Weigh In On Comstock

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd boosted its stake in shares of Comstock by 43.9% during the 4th quarter. XTX Topco Ltd now owns 108,408 shares of the company’s stock worth $87,000 after acquiring an additional 33,095 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Comstock by 218.7% during the 1st quarter. PFG Investments LLC now owns 63,388 shares of the company’s stock worth $155,000 after acquiring an additional 43,500 shares in the last quarter. PEAK6 LLC bought a new stake in shares of Comstock during the 4th quarter worth $156,000. Northern Trust Corp boosted its stake in shares of Comstock by 180.4% during the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock worth $351,000 after acquiring an additional 282,266 shares in the last quarter. Finally, Mariner LLC bought a new stake in shares of Comstock during the 4th quarter worth $441,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Comstock Company Profile

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.