Australia's Pilbara Minerals marks near 1-year high on upbeat quarterly revenue

Pls

24/10/2025 01:07

** Shares of Pilbara Minerals PLS.AX rise 4.4% to A$3.09, their highest level since November 18, 2024

** Lithium miner reports quarterly revenue of A$251 million ($163.10 million), compared with A$210 million in the same period a year earlier

** Says quarterly production up 2.1% YoY

** "We continue to see longer-term value through production capacity optionality via Ngungaju and leverage to lithium price rallies" — Jefferies

** 5 of 16 analysts rate the stock "buy" or higher, 7 "hold" and 4 "sell" or lower; their median PT is A$2.30, according to data compiled by LSEG

** Stock up 42.2% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)