Jefferies analyst Mitch Ryan maintained a Buy rating on Pilbara Minerals Limited (PILBF – Research Report) yesterday and set a price target of A$4.25. The company’s shares closed yesterday at $2.67.
Ryan covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Allkem Limited, and Pilbara Minerals Limited. According to TipRanks, Ryan has an average return of 14.5% and a 66.67% success rate on recommended stocks.
In addition to Jefferies, Pilbara Minerals Limited also received a Buy from Macquarie’s Adam Baker in a report issued on December 21. However, on December 19, Citi downgraded Pilbara Minerals Limited (Other OTC: PILBF) to a Sell.
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PILBF market cap is currently $8.13B and has a P/E ratio of 4.97.
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Pilbara Minerals Limited (PILBF) Company Description:
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.
