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Pilbara Minerals (PILBF) Gets a Buy from Morgan Stanley

Tipranks - Tipranks - Tue Feb 10, 6:10PM CST

Morgan Stanley analyst Rahul Anand maintained a Buy rating on Pilbara Minerals today and set a price target of A$5.00.

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Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and South32. According to TipRanks, Anand has an average return of 12.3% and a 55.56% success rate on recommended stocks.

In addition to Morgan Stanley, Pilbara Minerals also received a Buy from Macquarie’s Austin Yun in a report issued yesterday. However, on February 8, TipRanks – OpenAI reiterated a Hold rating on Pilbara Minerals (Other OTC: PILBF).

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Based on Pilbara Minerals ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$343.17 million and a GAAP net loss of A$126.4 million. In comparison, last year the company earned a revenue of A$496.89 million and had a net profit of A$36.73 million

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