In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Pilbara Minerals Limited (PILBF – Research Report), with a price target of A$2.75. The company’s shares closed yesterday at $1.07.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Anand is a 4-star analyst with an average return of 7.0% and a 50.12% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Fortescue Metals Group Ltd.
Currently, the analyst consensus on Pilbara Minerals Limited is a Moderate Buy with an average price target of $1.59, representing a 48.60% upside. In a report released on March 20, Canaccord Genuity also maintained a Buy rating on the stock with a A$2.70 price target.
PILBF market cap is currently $3.71B and has a P/E ratio of -159.17.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PILBF in relation to earlier this year.
Read More on PILBF:
- Pilbara Minerals Announces ATO Tax Rulings Impacting Latin Resources Stakeholders
- Director Increases Stake in Pilbara Minerals, Signaling Confidence
- Pilbara Minerals Issues Performance Rights as Part of Employee Incentive Scheme
- Pilbara Minerals Reports Revenue Decline Amid Market Challenges
- Pilbara Minerals Earnings Call: Strategic Gains Amid Financial Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue