Pilbara Minerals Limited

The Nasdaq Composite is experiencing new volatility, with demand-side control evident despite a modest close. The lithium market is in a bullish phase, positively impacting ASX stocks like Pilbara Minerals, Mineral Resources, and Liontown Resources. Technical analysis shows key demand and supply levels for the Nasdaq, with a focus on maintaining the long-term uptrend.

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ChartWatch Markets: Make or break for Nasdaq, plus PLS, MIN, LTR likely beneficiaries of burgeoning lithium bull market

Ord Minnett has upgraded Pilbara Minerals to a Hold rating with a price target of A$3.60. Additionally, TR | OpenAI's Gavin Steelwright also rated it as Hold, while Morgans maintained a Sell rating.

Tip Ranks

Ord Minnett upgrades Pilbara Minerals  (PILBF) to a Hold

Morgans analyst Annabelle Sleeman has maintained a Sell rating on Pilbara Minerals (PILBF) with a price target of A$3.10. Sleeman, a 3-star analyst with a 51.85% success rate, also covers other companies in the Basic Materials sector. Additionally, Bell Potter's James Williamson issued a Sell rating for Pilbara Minerals, while TR | OpenAI reiterated a Hold rating on the same day.

Morgans Remains a Sell on Pilbara Minerals  (PILBF)

China's new lithium royalty framework increases costs for domestic lepidolite producers, benefiting Australian spodumene miners like Pilbara Minerals, MinRes, and IGO. MinRes has sold 30% of its lithium business to POSCO for US$765 million, valuing its assets significantly above consensus estimates and reducing its net debt. These developments suggest a recovery in lithium prices after a two-year decline, with Pilbara Minerals' shares up over 200% from June lows. The reforms and strategic investments indicate a positive outlook for the lithium sector.

Why Pilbara, MinRes, Liontown and IGO just got a major tailwind

** Shares of Australian miners rise as much as 1.7%, hitting their highest level since October 31** Sector tracks upbeat copper prices from the previous session, buoyed by hopes that the U.S. government shutdown will end soon ** AXMM on track for a second consecutive session of gains** Mining giant BHP Group rises 0.3% while lithium miner Pilbara Minerals gains 3.8%** AXMM up nearly 28% this year, including the day's move

Reuters

 BHP Group Ltd

Australian miners rise on stronger copper prices

The latest Short Seller Series highlights significant changes in short interest among ASX stocks for the week ending October 27. Boss Energy leads with a 23.32% short interest, while Pilbara Minerals and Domino's Pizza follow. Uranium stocks saw increased short selling, particularly after a recent US nuclear reactor deal. Rising short interests were noted for Sun Silver and Bluescope Steel, amid fluctuating silver prices and market volatility. Clinuvel Pharmaceuticals' short interest remains variable, and Qualitas has seen a significant reduction in short positions due to a major shareholding change.

Domino's

ASX stocks with the biggest short interest changes – Week 45

Shares of Pilbara Minerals, a lithium miner, fell by 7.9% to A$3.02, marking their lowest level since October 23. This decline follows Morgans' downgrade of the stock from "hold" to "sell," while raising the target price to A$2.8 from A$2.3. The brokerage noted that the recent stock rally was sentiment-driven, with limited near-term benefits despite firmer lithium prices. Current price levels are deemed insufficient for robust cash generation, although the stock is up 40.6% year-to-date.

Australia's Pilbara Minerals falls after Morgans downgrades to 'sell'

Brokerages have raised price targets for Pilbara Minerals following the company's strong performance, which included a 2.1% rise in spodumene concentrate and an 11% drop in costs. Bell Potter increased its target price to A$2.65, while Macquarie raised its target by 9% to A$3. Citi's target is now A$3.25. Analysts noted Pilbara's effective cost management amid a volatile lithium market, with EPS estimates also being adjusted upwards for the coming fiscal years.

STREET VIEW - Brokerages raise PT for Australia's Pilbara Minerals on cost-out optimism

According to TipRanks, Sleeman is a 3-star analyst with an average return of 12.5% and a 57.69% success rate. Sleeman covers the Basic Materials sector, focusing on stocks such as Evolution Mining , Newmont Corporation CHESS, and Pilbara Minerals . The word on The Street in general, suggests a Hold analyst consensus rating for Pilbara Minerals with a $1.47 average price target, which is a -30.33% downside from current levels. In a report released today, UBS also maintained a Sell rating on the stock with a A$2.40 price target.

Morgans downgrades Pilbara Minerals  (PILBF) to a Sell

Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Elevra Lithium, and Lynas Rare Earths . According to TipRanks, Yun has an average return of 7.0% and a 63.89% success rate on recommended stocks. In addition to Macquarie, Pilbara Minerals also received a Hold from Bell Potter’s James Williamson in a report issued yesterday. However, today, Morgan Stanley maintained a Buy rating on Pilbara Minerals (Other OTC: PILBF).

Macquarie downgrades Pilbara Minerals  (PILBF) to a Hold

According to TipRanks, Anand is a 5-star analyst with an average return of 11.0% and a 57.11% success rate. Anand covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Rio Tinto Limited, and Pilbara Minerals . Pilbara Minerals has an analyst consensus of Hold, with a price target consensus of $1.47, representing a -30.33% downside. In a report released on October 24, Canaccord Genuity also maintained a Buy rating on the stock with a A$3.30 price target.

Morgan Stanley Remains a Buy on Pilbara Minerals  (PILBF)

In addition to Citi, Pilbara Minerals also received a Hold from Bell Potter’s James Williamson in a report issued today. However, on October 24, Canaccord Genuity maintained a Buy rating on Pilbara Minerals (Other OTC: PILBF).

Citi Sticks to Their Hold Rating for Pilbara Minerals  (PILBF)

Find insight on Pilbara Minerals, Fortescue and more in the latest Market Talks covering basic materials.