Jefferies analyst Mitch Ryan maintained a Buy rating on Pilbara Minerals Limited (PILBF – Research Report) today and set a price target of A$4.00. The company’s shares closed last Friday at $2.27.
According to TipRanks, Ryan is a 4-star analyst with an average return of 14.0% and a 58.82% success rate. Ryan covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Pilbara Minerals Limited, and Allkem Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for Pilbara Minerals Limited with a $2.52 average price target, which is an 11.01% upside from current levels. In a report released on January 18, Canaccord Genuity also maintained a Buy rating on the stock with a A$4.25 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 133K.
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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.
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