Analysts Reevaluate Hastings Technology Metals (ASX:HAS) with a 7.08% Price Target Adjustment to 1.38

Analysts Adjust Price Target Downwards

The assessment of Hastings Technology Metals (ASX:HAS) has witnessed a revision in its one-year price target to 1.38 per share. This accounts for a 7.08% decrease from the previous estimate of 1.49 recorded on January 16, 2024.

Market Price Expectations

Market analysts’ price targets for HAS vary, with figures ranging from a low of 0.63 to a high of 2.62 per share. The average price target reflects a substantial increase of 123.20% from the recent closing price of 0.62 per share.

Fund Sentiment Overview

Ten funds or institutions have disclosed owning positions in Hastings Technology Metals. This indicates a reduction of one owner or 9.09% in the past quarter. The average portfolio weight of all funds invested in HAS stands at 0.02%, marking a decline of 43.40%. Conversely, the total institutional share ownership has risen by 1.67% over the past three months, reaching 174K shares.

Insight into Shareholder Actions

DFA Investment Trust Co – The Asia Pacific Small Company Series holds 50K shares equivalent to 0.04% ownership of the company, with no changes in the previous quarter.

Similarly, the GWX – SPDR(R) S&P(R) International Small Cap ETF owns 49K shares, representing 0.04% ownership. The institution reduced its portfolio allocation in HAS by 45.56% in the last quarter, down to 0.89%. SPDR’s actions demonstrate an 0.89% decrease in shareholding.

Furthermore, the SPROTT FUNDS TRUST – Sprott Energy Transition Materials ETF now holds 45K shares, amounting to 0.03% ownership. In contrast to the aforementioned, the firm raised its shareholding by 29.57%, while decreasing its portfolio allocation in HAS by 48.90% over the last quarter.

Last but not least, Brighthouse Funds Trust II – Brighthouse maintains 8K shares, constituting 0.01% ownership without any changes in the preceding quarter. DFA Investment Dimensions Group Inc – International Sustainability Core 1 Portfolio Shares also holds steady with 7K shares and 0.01% ownership.

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