Jefferies Financial Group Downgrades Allkem (OTCMKTS:OROCF) to Hold
Allkem (OTCMKTS:OROCF – Get Score) was downgraded by analysis analysts at Jefferies Monetary Team from a “purchase” score to a “maintain” rating in a report issued on Friday, The Fly experiences.
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Other equities analysts have also just lately issued experiences about the enterprise. Morgan Stanley lower Allkem from an “equivalent weight” ranking to an “underweight” rating in a investigation report on Thursday, December 8th. The Goldman Sachs Team initiated coverage on Allkem in a report on Wednesday, December 7th. They established a “buy” ranking on the stock. Eventually, Royal Lender of Canada initiated coverage on Allkem in a report on Monday, October 17th. They set a “sector execute” score on the stock. Two analysts have rated the stock with a market rating, two have assigned a hold rating and 3 have issued a get score to the inventory. Centered on information from MarketBeat, the organization presently has an regular rating of “Keep”.
Allkem Price Overall performance
OROCF stock opened at $9.92 on Friday. Allkem has a 12-thirty day period very low of $6.00 and a 12-thirty day period superior of $11.04. The company has a swift ratio of 3.40, a existing ratio of 3.74 and a financial debt-to-fairness ratio of .10. The stock’s 50 working day very simple going regular is $8.67 and its 200 day simple shifting average is $8.87.
Allkem Company Profile
Allkem Minimal engages in the manufacturing and sale of lithium and boron in Argentina. Its flagship job is the Olaroz Lithium Facility found in Jujuy province in northern Argentina. The corporation was included in 2005 and is headquartered in Brisbane, Australia.
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