RBC Capital Markets initiates coverage on Australia's Pilbara Minerals Ltd PLS.AX with "outperform" rating and A$5.65 PT
** The lithium miner offers strong FY23 and FY24 expected earnings growth, reflecting elevated prices and improved operations, says brokerage
** RBC sees PLS to raise lithium carbonate equivalent production from 53kt in FY22 to 107kt in FY25
** Production growth and lagged pricing will help company to keep earnings elevated, says brokerage
** RBC expects operational performance to improve over FY23-24 for Pilbara
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Last
$2.85 |
Change
0.000(0.00%) |
Mkt cap ! $8.579B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.95 | $2.84 | $47.90M | 16.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 187031 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 401638 | 11 |
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| PLS (ASX) Chart |