Macquarie rates PLS as Outperform(1) -Macquarie expects regional lithium prices will follow the strong moves in prices in China and upgrades forecasts by up to 20% for 2021 and 2022.
The improved earnings outlook drives target increases for lithium miners and the broker retains a preference for Pilbara Minerals and Liontown Resources ((LTR)) over Orocobre ((ORE)).
The broker retains an Outperform rating and raises the target to $2.90 from $2.70.
Target price is $2.90
If PLS meets the Macquarie target it will return approximately 27% (excluding dividends, fees and charges).Current consensus price target is $2.20, suggesting upside of2.6%(ex-dividends)
The company's fiscal year ends in June.
R E S O L U T E.
The Spirit of Australian Lithium.
PLS - $2.83 by EOY21PLS – SYA – RNU –LTR
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B |
Open | High | Low | Value | Volume |
$2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 325534 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 158813 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3279 | 2.880 |
1 | 8000 | 2.850 |
1 | 600 | 2.840 |
3 | 162003 | 2.830 |
4 | 29560 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 96973 | 10 |
2.910 | 42271 | 5 |
2.920 | 98708 | 8 |
2.930 | 17775 | 3 |
2.940 | 105638 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |