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
$3.02 |
Change
-0.040(1.31%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.11 | $3.02 | $55.82M | 18.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 424619 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 17344 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |