
Macquarie Keeps Their Buy Rating on Pilbara Minerals (PILBF)
In a report released today, Austin Yun from Macquarie maintained a Buy rating on Pilbara Minerals (PILBF – Research Report), with a price target of A$2.40. The company's shares closed yesterday at $0.92.
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According to TipRanks, Yun is an analyst with an average return of -13.0% and a 45.00% success rate. Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Lynas Rare Earths , and Sayona Mining.
In addition to Macquarie, Pilbara Minerals also received a Buy from Morgan Stanley's Rahul Anand in a report issued today. However, on May 30, UBS downgraded Pilbara Minerals (Other OTC: PILBF) to a Sell.
Based on Pilbara Minerals 's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $425.68 million and a GAAP net loss of $69.37 million. In comparison, last year the company earned a revenue of $757.23 million and had a net profit of $220.15 million

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