We won't spam you or sell your email. The company plans to capitalize on the rapidly growing lithium market as the world moves to electric vehicles (EVs) and … The consensus among Wall Street analysts is that investors should "sell" Pilbara Minerals stock. All these factors combined with substantial cash reserves of A$108 million and debt of just 40% of assets make Pilbara an attractive company. Nonetheless, despite weak economic demand, in Q1 2020, Pilbara Minerals shares was able to produce decent results due to its successful production moderation strategy and efficient matching of stockpiles and product demand. Pilbara Minerals also produces tantalum concentrate as a by-product of its lithium mining and tantalum is a potential target contained within Altura’s deposit that could lead to additional revenue. Further, lithium hydroxide is becoming the preferred option for energy-dense batteries, and Chinese demand is growing strongly. Buying stocks such as Pilbara Minerals isn't very hard. This follows the announcement of … Pilbara Minerals Ltd Company Profile. Pilbara minerals is the 12 th most shorted stock on the Australian Stock Exchange, according to The Australian Financial Review. These stocks represent some of the best value the ASX has to offer. Today we will look at why we like Pilbara Minerals shares (ASX:PLS) and give you a rundown of our PLS share price forecast. The advanced sales of future production take a lot of uncertainty out of the picture. Fama and French focuses on testing asset pricing under different economic assumptions. The company operates the Pilgangoora mine, located in the Pilbara region of West Australia. N/A is a n/a business based in N/A. During the September 2020 quarter, the company shipped a total of 43,583 dry metric tonnes of spodumene concentrate, which is an important source of lithium. Is Pilbara Minerals (ASX:PLS) a buy? Although Pilbara Minerals may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. As the Altura Lithium Project neighbours PLS' Pilgangoora Project, the buy would make Pilbara the largest pure-play, ASX-listed lithium company by … Pilbara Minerals Limited (ASX: PLS) is an emerging Australian strategic metals producer which is developing the 100%-owned Pilgangoora Lithium-Tantalum Project, 120km south of Port Hedland in WA's Pilbara. The fear of missing out, i.e., FOMO, can cause potential investors in Pilbara Minerals to buy its stock at a price that has no basis in reality. [May 2021 Market Update], Race Oncology (ASX:RAC) is a Potential Acquisition Target in a $530B M&A Market, 5 Best High Growth Stocks To Buy For 2021 [ASX Research], 5 Best Small Cap Stocks To Buy For 2021 [ASX Research], Markets are Calm, Sell Options to Generate Return in a Neutral Market. Based on our forecasts, a long-term increase is expected, the "PLS" stock price prognosis for 2026-05-08 is 1.109 AUD. Please make sure you totally understand the upside potential and downside risk of investing in Pilbara Minerals. In the last year Pilbara Minerals wasn't profitable at an EBIT level, but managed to grow its revenue by 169%, to AU$66m. Pilbara Minerals is set to follow some of its peers by selling down up to 49 per cent of its Pilgangoora lithium project south of Port Hedland, with analysts speculating it could fetch more than $1 billion for the stake. Recent Insider Transactions. In a one-two punch, the coronavirus pandemic badly hit Chinese EV vehicle sales, which fell 27% as of last month, after being down as much as 77% in February. Pilbara Minerals also produces tantalum concentrate as a by-product of its lithium mining and tantalum is a potential target contained … We'll also let you know when we publish new research. If you're looking to buy shares, check out the steps below. Is Pilbara Minerals Limited Growing? But it's clear that we should definitely closely examine whether it can … Caveat Emptor. Distributed by Public, … The company operates the Pilgangoora mine, located in the Pilbara region of West Australia. Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of its 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. The Pilbara Minerals' share price dropped 1.19% in value today, to 66 cents per share, after the company handed in its financial results for the quarter ending 31 December 2018. Pilbara Minerals Limited () Stock Market info Recommendations: Buy or sell Pilbara Minerals stock? Incorporation Details. Is Pilbara Minerals (ASX:PLS) a buy? At the time of writing, our data says that Pilbara Minerals Limited has a market cap of AU$534m, and reported total annual CEO compensation of AU$1.4m for the year to June 2019. Most of Pilbara Minerals' stock examination focuses on studying past and present price action to predict the probability of Pilbara Minerals' future price movements. Shortly after the inquiry request, China announced tariffs on barley imports from Australia and suspended multiple Australian meat import licenses. Pilbara Minerals has a trailing 12-month revenue of around $105.5 million. Despite a strong release, investors are selling Pilbara mineral stocks today Third quarter update.. Pilbara Minerals has secured a conditional agreement to acquire Altura Mining’s lithium operations, including the Pilgangoora site that neighbours its own flagship mine in Western Australia. May 12th, 2021 - Motley Fool Pilbara Minerals Ltd (ASX: PLS) According to a note out of Macquarie, its analysts have retained their outperform rating and $1.50 price target on this lithium miner's shares. Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. Pilbara Minerals Co., Ltd. Stock prices on Wednesday are under pressure. ... Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. Citigroup cut Pilbara Minerals from a “neutral” rating to a “sell” rating in a … Your current $100 investment may be up to $100.78 in 2026. However, what challenging for most investors is doing it at the right time to beat the stock market. If the stock does drop after selling, the short seller … Spodumene concentrate is converted to lithium carbonate or lithium hydroxide for use in battery components. China’s largest electric vehicle (EV) battery maker is set to buy an 8.5 percent stake in Australian lithium miner Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) for AU$55 million.. Pilbara Minerals' stock is trading up $0.03 today. Pilbara Minerals most significant asset is the Pilgangoora mining site, which is one of the biggest lithium resources in the world. The Pilbara Minerals Ltd (ASX: PLS) share price is dropping on Tuesday morning. It focuses on lithium and tantalum properties of Pilgangoora Lithium-Tantalum Project located in the Pilbara region. Thursday, October 29th, 2020. It owns 100% of the Pilgangoora hard rock lithium-tantalum project, located 120km south of Port Hedland, Western Australia. View analyst ratings for Pilbara Minerals or view top-rated stocks. The PLS share price is currently facing resistance around the A$0.40 level, which will likely break once the lithium price starts to recover. The company has agreements in place to sell 100% of its Stage 1 and Stage 2 production [subject to Final Investment Decision (FID)] to major players in the battery sector and lithium supply chain. The Pilbara Minerals Ltd (ASX: PLS) share price is on course to finish the day with a gain. Local: MF & Co. Asset Management is a boutique investment firm specialising in Wealth Management, quant trading, wholesale execution and trading education. Pilbara Minerals shares (N/A) are listed on the N/A and all prices are in N/A. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilbara Minerals in the last year. Pilbara Minerals is a potential penny stock. With a 5-year investment, the revenue is expected to be around +0.78%. For a lower risk but lower potential return, an established lithium price recovery and a break of $0.40 in the PLS share price would be prudent. The prices have flatlined below $400 since August, while majority owner of the world’s largest hard rock mine, China’s Tianqi Lithium Corp has had to extend a debt repayment schedule by a month. The Pilbara Minerals Ltd (ASX: PLS) share price has come under pressure on Wednesday. The site has a 23-year mine life at 5 Mtpa. As of March 31, 2020, Pilbara Minerals shares had reserves of cash and cash equivalents of A$108 million. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Pilbara Minerals’ (ASX:PLS) Production Sold to Chinese Shareholders, Decline in EV Demand a Potential Weakness for Pilbara Minerals Shares (ASX:PLS), Pilbara Minerals Shares Expected to Ride Out Lithium Weakness and Emerge Stronger From Sector Consolidation, Pilbara Minerals Shares (ASX:PLS) Financial Performance, PLS Share Price May be Presenting A Long Term Opportunity, Is Inflation in Australia Transitory or Here to Stay? Image: Altura Mining. During the September 2020 quarter, the company shipped a total of 43,583 dry metric tonnes of spodumene concentrate, which is an important source of lithium. Lithium miner Pilbara Minerals Ltd on Wednesday said it had entered into a conditional agreement for the potential acquisition of Altura Mining Ltd's lithium project for about $175 million. Australia's Pilbara Minerals Ltd said on Tuesday it will buy the lithium operations of troubled peer Altura Mining Ltd for $175 million, at a time producers of … Pilbara Minerals Limited () Stock Market info Recommendations: Buy or sell Pilbara Minerals stock? When running Pilbara Minerals stock analysis, check to measure Pilbara Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. Recent Insider Transactions. Top brokers name 3 ASX shares to buy today. In the last year, its revenue is up 169%. As a producer of spodumene and tantalum, Pilbara Minerals may have the opportunity to share in this good fortune. One potential weakness of the company is the recent sharp decline in EV vehicle demand in both China and the US – the largest EV markets globally. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilbara Minerals in the last year. The Pilbara Minerals Ltd share price is on course to finish the day with a gain. These 3 Shares Could Be Set For Huge Gains in the post-Covid world. Pilbara Minerals shares (PLS) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. The benefits for Pilbara Minerals to purchase Altura are clear, providing the opportunity to combine the two Pilgangoora mines and integrate much of the existing infrastructure. Our research team has worked hard to uncover 5 stocks that either has growth potential or are undervalued. In Australia, Alita Resources (ASX A40) went into administration in September 2019 after offtake partner JBJ — a joint venture between Jiangxi and Burwill Holdings — stopped receiving shipments from Alita citing force majeure. Even though Pilbara Minerals managed to grow its top line quite deftly, the cold hard truth is that it is losing money on the EBIT line. We've put together a free report on 5 stocks that we think are the best buys on the ASX right now. We use Pilbara Minerals' stock's Value At Risk and its Upside Potential as a relative measure of the distribution. Before buying any stock or share one has to consider a few factors. The company primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. However, the Pilbara Minerals took the opportunity to make plant rectification and improvements resulting in exceptional plant performance and lithium recovery. Altura Lithium’s loan noteholders have voted in favour of the Pilbara Minerals arrangement for Altura Lithium Operations, should … Henry is a co-founder of MF & Co. Asset Management with over 12 years experience in Financial Services. PILBARA MINERALS (PLS) Shares ABOUT PILBARA MINERALS. Pilbara Minerals is not the only stock that insiders are buying. Pilbara Minerals has secured a conditional agreement to acquire Altura Mining’s lithium operations, including the Pilgangoora site that neighbours its … In that case, they are not buying Pilbara because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. You can indeed make money on Pilbara instrument if you perfectly time your entry and exit. Pilbara Minerals Ltd. Pilbara Minerals operates under the off-take business model, which involves the sale of future production before undertaking the significant capital outlay involved in mining. Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of its 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. In terms of valuation, at the current PLS share price, Pilbara Minerals shares are priced in between Altura and Galaxy has a P/B of 1.4 compared to 1.64 and 0.98 respectively. We will use the price-to-book ratio to compare valuations, total debt-to-equity to compare leverage, and total asset turnover to compare the efficiency of the company to its peers. For a higher risk but higher potential upside return, Pilbara Minerals shares (ASX:PLS) are holding up well at this level. The purchase will provide Pilbara Minerals 100 per cent ownership of the Altura lithium project, which grants the former with control of the largest independent hard-rock lithium mining and processing operation globally. Pilbara Minerals Limited published this content on 27 June 2017 and is solely responsible for the information contained herein. You'll be provided with Pilbara Minerals Ltd overall consensus estimations for strong buy, strong sell or hold, based on analyst 12-Month price targets. Despite a strong release, investors are selling Pilbara mineral … This is part of the federal government’s $270 billion capability upgrade for the Australian Defence Force. Pilbara Minerals emerges as front-runner to buy Altura. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Pilbara Minerals share forecasts, stock quote and buy / sell signals below.According to present data Pilbara Minerals's PILBF shares and potentially … He has worked as a Trader, Adviser and Senior Manager. Pilbara Minerals sits in an enviable position with 840,000 tonnes (~110kt LCE) of off-take signed to strong project partners. Pilbara Minerals (OTCMKTS:PILBF) was upgraded by Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports. Over the long term, the company aims to be a major player in the global lithium supply chain. You should seek professional investment advice before making any investment decision. Australian lithium producer Pilbara Minerals (ASX: PLS) said on Wednesday it had signed a conditional agreement with a group of lenders to buy embattled rival Altura Mining for about $175 million. Over the last decade, climate change and global warming have become major global concerns and spawned huge new industries around renewable energy and electric mobility. If you're looking to buy shares, check out the steps below. Last updated Tuesday May 11th 7:32am The company is currently in the process of implementing a three-stage expansion plan of its Pilgangoora project which will increase capacity from the current 2 Mtpa (Stage 1) to 7.5 Mtpa (Stage 3). The distribution of Pilbara Minerals returns is essential to provide solid investment advice for Pilbara Minerals stock. In 2019, global EV sales topped 2.2 million vehicles whilst renewables made up 75% of all new installations. Following the government announcement, EV sales in China suffered a 6-month long slump, ending 2019 lower by 4% YoY. Given such a bright outlook for lithium and its ownership of large reserves of the metal, Pilbara Minerals’ off-take agreements are advantageous assets. So its pretty obvious shareholders are hoping for more growth! Pilbara Minerals (ASX:PLS) is an Australian lithium-tantalum mining and production company. There is every expectation that lithium carbonate/hydroxide prices will finally bottom out in 2020 as marginal producers are squeezed out, and others cut back production. Pilbara Minerals (ASX:PLS) is an Australian lithium-tantalum mining and production company. This agreement is for the acquisition of the shares in Altura Lithium Operations, which owns Altura’s Pilgangoora Lithium Project. The management Partners and Adviser team have decades of experience between them, with experience from major Investment Banks and Brokers. In 2020, the coronavirus outbreak took a severe toll on the global economy. By clicking on the button(s), you agree with Terms of Use & Privacy Policy. Pilbara Minerals has a market capitalization of AU$411.4m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. Both these companies are Australia based pure-play lithium producers. Pilbara Minerals closed in the grey for 31.5 cents per share. Pilbara Minerals secured the agreement to purchase Altura Mining’s lithium operations in October 2020. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. With a looming global recession, consumers are less likely to make large purchases such as cars and may be reluctant to try new technology (EV) compared to the traditional one (gasoline). The company plans to capitalize on the rapidly growing lithium market as the world moves to electric vehicles (EVs) and renewables. Incorporation Details. Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of its 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. Pilbara Minerals is also raising $36.5 million from institutional investors, which combined means Pilbara is raising $91.5 million – issuing 305.1 million new shares at $0.30 per share. CATL will pay A$0.30 each for over 183 million shares in the company, which the Financial Times notes was 14% less than Pilbara’s share price at the close of trading on 5 September. Pilbara Minerals shares have a total debt-to-equity ratio of 41.47%, making it much less leveraged than Altura, but much more geared than Galaxy Resources. The company is primarily a lithium and tantalum miner/producer based in Australia.

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