RBC Capital analyst Kaan Peker maintained a Buy rating on Pilbara Minerals Limited (PILBF – Research Report) yesterday and set a price target of p4.10. The company’s shares closed yesterday at $2.41.
Peker covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Rio Tinto Limited, and Fortescue Metals Group Ltd. According to TipRanks, Peker has an average return of -6.6% and a 36.47% success rate on recommended stocks.
Pilbara Minerals Limited has an analyst consensus of Hold, with a price target consensus of $2.22, implying a -7.88% downside from current levels. In a report released today, Morgans also maintained a Buy rating on the stock with a A$4.50 price target.
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PILBF market cap is currently $7.24B and has a P/E ratio of 7.86.
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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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