Australian Broker Call Report
TARGET PRICE$15.24 | Add04 Apr 2022 Morgans |
Allkem upgraded guidance for June quarter lithium prices by 40% for carbonate and also doubled Morgans expectations for spodumene. The broker notes that while the company is a pure-... |
TARGET PRICE$16.90 | Outperform04 Apr 2022 Macquarie |
Allkem expects to deliver 50kt of spodumenes concentrate in the June quarter, which is 58% above Macquarie's estimate. Management also estimates spodumene concentrate pricing for that period ... |
TARGET PRICE$15.30 | Outperform04 Apr 2022 Credit Suisse |
Allkem expects its Olaroz to command carbonate prices of US$35,000 per tonne in the June quarter, up from previous guidance of US$25,000 per tonne, driving material upgrades to the ... |
TARGET PRICE$17.50 | Buy04 Apr 2022 Ord Minnett |
Ord Minnett is very positive on the lithium outlook and doubles its prior 2023 price forecast for spodumene to US$5,000/t, while hydroxide and carbonate estimates have lifted 50% and 60%, ... |
