5 Cheap Lithium Stocks to Buy Today

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1. Livent Corporation (NYSE:LTHM)

Number of Hedge Fund Holders: 30   

Share Price as of September 13: $33.34 

Livent Corporation (NYSE:LTHM) manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications. On August 2, the company posted earnings for the second quarter of 2022, reporting earnings per share of $0.31, in line with market estimates. The revenue over the period was $218 million, up over 114% compared to the revenue over the same period last year and beating analyst estimates by $9 million. 

On August 8, investment advisory CICC initiated coverage of Livent Corporation (NYSE:LTHM) stock with an Outperform rating and a price target of $27.30. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Livent Corporation (NYSE:LTHM), with 75.9 million shares worth more than $206.6 million. 

You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Nickel Stocks to Buy Now.

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