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Pilbara Minerals ( (AU:PLS) ) has provided an announcement.
The Vanguard Group has become a substantial holder in Pilbara Minerals Limited, acquiring a 5.256% voting power through its various mutual funds and accounts. This significant investment by a major asset manager like Vanguard indicates confidence in Pilbara Minerals’ potential, likely impacting the company’s market position positively and signaling a strong endorsement to other 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 Limited operates in the mining industry, focusing primarily on the extraction and production of lithium. The company is a key player in the lithium market, which is crucial for battery production and the growing electric vehicle industry.
Average Trading Volume: 33,965,953
Technical Sentiment Signal: Sell
Current Market Cap: A$4.14B
Learn more about PLS stock on TipRanks’ Stock Analysis page.