Jefferies analyst Mitch Ryan maintained a Buy rating on Pilbara Minerals Limited (PILBF – Research Report) on January 1 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 14.7% and a 73.68% success rate on recommended stocks.
Currently, the analyst consensus on Pilbara Minerals Limited is a Hold with an average price target of $2.72, which is a 1.98% upside from current levels. In a report released on December 21, Macquarie also maintained a Buy rating on the stock with a A$4.40 price target.
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The company has a one-year high of $3.71 and a one-year low of $2.08. Currently, Pilbara Minerals Limited has an average volume of 137K.
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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.
