Shares of Pilbara Minerals fall after weak quarterly results

Pls

22/04/2025 01:38

** Pilbara Minerals PLS.AX fall as much as 3.5% to A$1.380

** The lithium miner on April 17 posted a 34% quarter-on-quarter drop in production, and reported a 30% q/q fall in revenue

** Analysts at Bell Potter, however, retain their recommendation at "buy", target price of A$2.00 per share

** "As expected, a weaker quarter but all on track," Bell Potter says in a note

** Brokerage also holds a robust EV demand-driven long-term market outlook

** Stock has fallen 34.7% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))