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Pilbara Minerals (PILBF) Receives a Buy from Canaccord Genuity

Tipranks - Tipranks - Tue Feb 24, 10:44PM CST

In a report released on February 20, Timothy Hoff from Canaccord Genuity maintained a Buy rating on Pilbara Minerals , with a price target of A$5.20. The company’s shares closed yesterday at A$4.18.

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Hoff covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Sandfire Resources Limited, and IGO. According to TipRanks, Hoff has an average return of 6.8% and a 49.77% success rate on recommended stocks.

Pilbara Minerals has an analyst consensus of Moderate Buy, with a price target consensus of A$4.65, implying an 11.14% upside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a A$5.00 price target.

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The company has a one-year high of A$5.16 and a one-year low of A$1.07. Currently, Pilbara Minerals has an average volume of 27.45M.

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