Pilbara Minerals dividend announced Following through with its commitment to start paying dividends, the first Pilbara Minerals dividend is $0.11 per share, fully franked.
According to a recent note out of Morgans, its analysts are forecasting a fully franked 15 cents per share dividend in FY 2023, which implies a final payout of 4 cents per share. Based on the current Pilbara Minerals share price of $4.60, this will mean a full-year yield of 3.25% and a final dividend yield of 0.85%.
Pilbara Minerals seems to have the strongest balance sheet in the sector, and its cash pile continues to grow thanks to its cash flow. It's putting its cash to good use within the business, while also paying investors a decent dividend in the meantime. The company's P1000 project, and other projects, are compelling.
Average Price Target
Based on 9 Wall Street analysts offering 12 month price targets for Pilbara Minerals Limited in the last 3 months. The average price target is AU$5.33 with a high forecast of AU$7.30 and a low forecast of AU$4.15. The average price target represents a 9.27% change from the last price of AU$4.88.
Pilbara Minerals has a total shareholder equity of A$2.6B and total debt of A$224.8M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are A$3.8B and A$1.2B respectively. Pilbara Minerals's EBIT is A$2.4B making its interest coverage ratio 30354.6.
Tasmania will reach 25% while WA will have the lowest at 15% of GSP. borrowing level with $123B in FY2022 (i.e. 2021-22), followed by New South Wales with $106B.
Pilbara Minerals was hit by a drop in spodumene concentrate prices in the June quarter that took the shine off the company setting new production benchmarks.
In June 2022, we announced the production of first ore at Gudai-Darri, our first greenfield mine in the Pilbara, Western Australia, in more than a decade. With an expected life of more than 40 years and an annual capacity of 43 million tonnes, Gudai-Darri will underpin future production of our Pilbara Blend™ product.
The company is increasing production capacity at the mine with an aim of producing 1 million tonnes per annum by 2025. Analysts at Macquarie have recently placed an outperform rating on Pilbara shares with a $7.70 price target. This implies an upside of 81% based on the current share price.
Pilbara Minerals Ltd quote is equal to 4.950 AUD at 2023-07-28. Based on our forecasts, a long-term increase is expected, the "PLS" stock price prognosis for 2028-07-26 is 13.250 AUD. With a 5-year investment, the revenue is expected to be around +167.67%. Your current $100 investment may be up to $267.67 in 2028.
What is the PulseChain price prediction for 2030? The PulseChain price prediction for 2030 is between $ 0.000404 on the lower end and $ 0.000512 on the high end. Based on our PLS price prediction chart, the price of PulseChain could gain 390.27% and reach $ 0.000512 if it reaches the upper price target.
Demand for lithium is set grow fourfold by the end of the decade to meet automakers' ambitious electrification goals, according to Benchmark Minerals Intelligence. Pilbara Minerals is one of the biggest producers in a country that is the world's top lithium exporter.
The Pilbara Minerals share price is also benefiting from its ongoing progress towards being more involved in the lithium battery value chain. It's working on becoming a “globally significant lithium chemicals producer”, with its current joint venture POSCO Pilbara Minerals Solutions.
The Pilgangoora Project, has an estimated mine life of 26 years and a maximum production capacity of 580,000 tonnes per annum (tpa).
Minerco Inc quote is equal to 0.000100 USD at 2023-07-27. Based on our forecasts, a long-term increase is expected, the "MINE" stock price prognosis for 2028-06-13 is 0.560 USD. With a 5-year investment, the revenue is expected to be around +560047.92%. Your current $100 investment may be up to $560147.92 in 2028.
Tokyo | China will boost domestic iron ore production by 30 per cent, significantly ramp up investments in overseas mines and strengthen scrap steel recycling under a plan designed to break Beijing's dependency on Australia's most valuable commodity export.
China's still buying huge amounts of Australian iron ore, and in the first five months of the year snapped up 444.9 million tonnes. Over 2020, China bought 81 per cent of all the iron ore Australia shipped overseas.
Based on publicly available data, JORC Reserves at operating mines are sufficient for approximately 13 years at the 2018 rate of mine production (Table 2). This increases to 26 years if all deposits with reserves are considered (Table 1).
It's tipped the stock to lift to $7.70 – a potential 75% upside. Not to mention, the company expects lithium prices to improve once more in the second half of 2023. Thus, June might be a good time to get on board ahead of an anticipated increase in earnings.
The main competitors of Pilbara Minerals include A-Cap Energy (ACB), Accelerate Resources (AX8), Accent Resources (ACS), ACDC Metals (ADC), Aclara Resources (ARA.TO), Aclara Resources (ARAAF), ActivEX (AIV), Admiralty Resources (ADY), Adriatic Metals (ADMLF), and Adriatic Metals (ADT).
Pilbara Minerals Limited is a locally owned publicly listed company that derives revenue from lithium exploration, development and operation. The company operates in Western Australia and is administered from its headquarters in West Perth, WA. Pilbara Minerals Limited is listed on the ASX under the code PLS.