Electra Battery Materials

ELBM · TSX

$0.4416+$0.0437 (+10.98%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $0.3979

ELBM analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $1.34 (+202.6% upside)

Low: $1.07
Now: $0.4416
High: $1.64

Upgrades and downgrades

The latest rating actions, newest first

ELBM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Aug 21, 2026	Maintains	Buy	$2.10 → $2.00	25%
HC Wainwright & Co.	Nov 18, 2025	Maintains	Buy	$2.20 → $2.10	25%

The case for and against

Updated Mar 13, 2026

Bull case

Electra Battery Materials Corp is positioned to capitalize on the increasing demand for critical minerals in the electric vehicle market, bolstered by government initiatives that prioritize their production and refining. The company has made significant improvements to its capital structure, which enhances its financial stability and capacity to execute on projects. Management’s focus on advancing mining capabilities and transitioning from capital acquisition to operational execution reinforces confidence in the firm's future growth and impact within the North American battery supply chain.

Bear case

Electra Battery Materials Corp reported a net loss of $4.7 million, equivalent to ($0.27) per share, primarily due to the absence of current production. Additionally, the company faces challenges with dilution stemming from a recent transaction that occurred at a price below the net asset value per share. These factors contribute to a fundamentally negative outlook on the stock, as the company grapples with financial struggles in a rapidly evolving industry.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.