Morningstar downbeat on Pilbara Minerals' soft results, sees lithium prices to recover

Pls

25/08/2025 22:09

** Morningstar analysts view Australia's Pilbara Minerals' PLS.AX fiscal 2025 results as soft on lower lithium prices

** Pure-play lithium miner posted FY underlying loss after tax of A$88 million ($57.18 million), compared with A$347 million profit a year ago

** Morningstar says PLS' result was "worse than expected"

** Financial services firm adds PLS share price is cheap as market participants expect the current low lithium prices to continue in near future

** "In contrast, we expect (lithium) prices to recover" - Morningstar

** Six of 16 analysts rate the stock "buy" or higher, six "hold" and four "sell" or lower; their median PT is A$2.10 – LSEG data

 ** Morningstar maintains fair value estimate of A$2.80 per share

** Stock is down 1.4% this year as of last close

($1 = 1.5389 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))