BUZZ-Pilbara Mineras to outperform lithium sector - Jefferies - Reuters News
22 Apr 2024 07:20:02 AM
** Analysts at Jefferies expect share price of Australia's Pilbara Minerals PLS.AX to outperform the lithium sector
** Says the current environment of improved Q-O-Q lithium prices coupled with output growth, higher capacity at the P680 project and co's robust balance sheet point towards outperformance
** Brokerage reiterates "buy" on the lithium miner; keeps price target at A$4.40
** We forecast operational cashflow to improves during Q4FY24 with lithium prices having found a floor - Jefferies
** Six of 18 analysts rate the stock "buy" or higher, six "hold" and six "sell" or lower; their median PT is A$4 – LSEG data
** Stock has fallen 3% this year, as of last close
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Last
$2.86 |
Change
-0.140(4.67%) |
Mkt cap ! $8.808B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.84 | $49.08M | 16.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 62738 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 155933 | 39 |
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| Last trade - 13.44pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |