Pilbara Minerals Ltd (ASX: PLS)
Analysts at Macquarie have retained their outperform rating on this lithium miner’s shares with a trimmed price target of $4.00. The broker has visited the company’s Pilgangoora lithium-tantalum project and was pleased with what it saw. It believes that recent improvements suggest there’s potential for better than expected production at Pilgan and Ngungaju. Outside this, the broker is a big fan due to the significant free cash flow its operations are generating at spot lithium prices. The Pilbara Minerals share price ended the week at $2.87.
