PLS Stock Outlook Seen Bolstered by Better Lithium Prices -- Market Talk
Dow Jones
Jun 03
0031 GMT - UBS takes a rosier view on PLS Group's shares after upgrading its own lithium-price forecasts. Its target on the miner's stock rises to 6.75 Australian dollars from A$5.20. "But this is largely priced in and we retain a neutral," the bank says of its rating. With FY26 almost over, focus is shifting to PLS's FY27 guidance, UBS says. With the Ngungaju plant to ramp up shortly, UBS expects 1.05 million metric tons of spodumene concentrate with a 5.2% grade in FY27, at a free-on-board cost of A$590/ton. That is near consensus of 1.06 million tons at A$592/ton, it says. PLS is up 3.4% at A$6.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 02, 2026 20:31 ET (00:31 GMT)
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