Australia's Liontown Resources climbs; UBS lifts PT as cash flow improves

Liontown

01/05/2026 06:27

** Shares of Australia's Liontown Resources LTR.AX rise 5.1% to A$2.47

** Stock up 10.3% so far this week, on track for their fourth consecutive weekly jump, if current trend holds

** Analysts at UBS lift price target for Liontown to A$2.90 from A$2.20, retain "buy" rating

** UBS says the lithium miner's cash has now started to build, with A$33 million ($23.73 million) net cash flow generated in third quarter, supported by lithium market headwinds

** Focus is now on how quickly LTR can ramp up the plant to 4Mtpa with a refresh of the original study underway, due Q1 FY27 - UBS

** LTR on Thursday reaffirmed its annual production outlook of 365-450kt and all in sustaning cost forecast of A$1,060-1,295 per dry metric ton

** Liontown stock up 64.8%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))