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Pilbara Minerals Limited (PILBF) Gets a Sell from UBS

In a report released today, Levi Spry from UBS maintained a Sell rating on Pilbara Minerals Limited (PILBFResearch Report), with a price target of A$2.60. The company’s shares closed yesterday at $2.44.

According to TipRanks, Spry is a 3-star analyst with an average return of 5.2% and a 51.85% success rate. Spry covers the Basic Materials sector, focusing on stocks such as IGO, OZ Minerals Limited, and Evolution Mining Limited.

In addition to UBS, Pilbara Minerals Limited also received a Sell from Credit Suisse’s Saul Kavonic in a report issued on August 24. However, on August 28, J.P. Morgan upgraded Pilbara Minerals Limited (Other OTC: PILBF) to a Buy.

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PILBF market cap is currently $7.25B and has a P/E ratio of 17.52.

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Pilbara Minerals Ltd. engages in the exploration and evaluation of mineral properties. It focuses on lithium and tantalum properties of Pilgangoora Lithium-Tantalum Project located in the Pilbara region. The company was founded on January 10, 2005 and is headquartered in West Perth, Australia.

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