Commentary of Bell Potter released on 24th January 2024.
" Investment view – Hold, Target Price $3.60/sh (unchanged)
PLS is a large, liquid and clean exposure to global lithium fundamentals and sentiment. PLS is a low-cost producer, it operates in a tier one jurisdiction in Western Australia, and has a strong balance sheet ($2.1b net cash at 31 December 2023) which can withstand weaker lithium prices and support expansion programs. We are confident that EV-led demand will see strong long-term lithium market fundamentals. We also see the potential for PLS to participate in industry consolidation. Our $3.60 12-month forward valuation results in our hold recommendation being retained."
Diverse opinions issued on same day.
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Commentary of Bell Potter released on 24th January 2024."...
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.62B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1686168 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 433362 | 32 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |