Company Information
About Pilbara Minerals Limited (ASX: PLS)
Pilbara Minerals Limited is an Australian lithium company involved in mineral exploration, development, and mining, with a focus on lithium. Its main asset is the Pilgangoora hard-rock lithium operation, situated about 120 kilometers from Port Hedland in Western Australia. This lithium operation is fully owned by the company and comprises two processing plants: the Pilgan Plant, which produces spodumene and tantalite concentrates, and the Ngungaju Plant, concentrating on spodumene production.
In addition to the core lithium operations, Pilbara Minerals holds a 70% share in the Mt Francisco project, located 50 kilometers southwest of Pilgangoora. This project is near Port Hedland and is known for its large outcropping pegmatites.
The company is also exploring the possibility of establishing a joint venture in South Korea. This venture aims to build a facility capable of producing around 43,000 tons per year of lithium carbonate equivalent chemicals.
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Financially, Pilbara Minerals has reported a total revenue of 2.64 billion AUD and a net income of 1.37 billion AUD for the trailing twelve months. The company was incorporated in 2005 and employs approximately 768 people. Over the last year, it has experienced significant growth, with revenues increasing by 241.63% from 1.19 billion to 4.06 billion AUD, while net income has risen 325.60% from 561.83 million to 2.39 billion AUD.
Pilbara Minerals Limited (ASX: PLS) Live Chart
Pilbara Minerals Limited (ASX: PLS) Forecast
The consensus from 13 analysts on Wall Street suggests that Pilbara Minerals Limited’s stock is expected to reach an average price target of AU$3.70 over the next 12 months. Their predictions range from a high of AU$4.40 to a low of AU$2.70. This average price estimate is approximately 6.92% lower than the company’s last trading price of AU$3.98.
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