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Pilbara Minerals ( (AU:PLS) ) has issued an announcement.
Pilbara Minerals has completed its Pilgangoora P680 and P1000 projects and is now focusing on optimizing operations and reducing unit operating costs. With a strong balance sheet, including a $1.1 billion cash balance and a $625 million undrawn credit facility, the company is well-positioned for self-funded growth and strategic diversification, enhancing its industry positioning and offering significant potential for stakeholders.
The most recent analyst rating on (AU:PLS) stock is a Hold with a A$2.95 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.
More about Pilbara Minerals
Pilbara Minerals is a company operating in the lithium industry, focusing on the production and development of lithium projects. Their primary assets include the Pilgangoora operation in Australia and the Colina Project in Brazil. The company is strategically positioned with a diversified portfolio and exposure to established supply chains outside of China.
Average Trading Volume: 33,306,702
Technical Sentiment Signal: Sell
Current Market Cap: A$3.96B
Learn more about PLS stock on TipRanks’ Stock Analysis page.