Latest news with #PilbaraMinerals
News.com.au
3 days ago
- Business
- News.com.au
Closing Bell: ASX hangs in there thanks to strength in tech stocks
Despite a strong start, the ASX has paired back gains to finish down 2.9 points or 0.03pc Weakness came from the Health Care sector and gold stocks Info Tech sector rides semiconductor fever higher, up 0.71pc Despite a strong start to the day, the ASX had fallen below yesterday's levels by about lunch time, dipping about a dozen points. Bullish sentiment in tech stocks kept the damage to a minimum – the ASX managed to claw back losses to fall just 2.9 points by the end of the day. Healthcare stocks were the main drivers of weakness, shedding 0.77%. The sector is down about 6.94% for the year to date, marking it as the worst-performing sector on the ASX for the year so far. In fact, only the Energy sector has suffered anywhere near as much, having fallen 6.72% in the first six months of the 2025 calendar year. A 0.28% dip in gold prices weighed on our Aussie precious metal stocks, driving the ASX All Ords Gold index lower by more than 1%. Despite our usually upbeat gold miners dragging, the Materials sector put in a solid performance, lifting 0.52% as a handful of lithium and rare earth miners powered higher. Min Res (ASX:MIN) surged 14%, Lynas Rare Earths (ASX:LYC) and Pilbara Minerals (ASX:PLS) 11%. Arafura Rare Earths (ASX:ARU) jumped 9% and Iluka Resources (ASX:ILU) 7%. While the Aussie bourse didn't make any progress toward new highs today, it's still sitting just 0.89% off those levels, having gained 1.54% over the last five trading days. Three ASX companies make EU's strategic project list The shares of three Australian mining companies are on the up after their projects made it onto the European Union's first list of 13 Strategic Projects outside the trading block's geographical borders. While mining giant Rio Tinto (ASX:RIO) is only up about 0.30% on the news, its Jadar lithium project made the cut, Evion Group (ASX:EVG) and Sarytogan Graphite (ASX:SGA) have surged 25% and 17% each. The two small cap resource companies are graphite-focused, with EVG at the permitting stage for its Maniry graphite project in Madagascar and SGA holding the highest-grade graphite resource of any ASX-listed company. It's also the second largest contained graphite resource on the ASX, at 60Mt of contained graphite. The EU's latest initiative complements the list of 47 Strategic Projects selected within the EU in March. The goal is to secure supplies of minerals critical to national security and continued economic prosperity, with a particular focus on electro mobility, renewable energy, defence and aerospace sectors. 'Securing reliable supplies of critical raw materials is a strategic priority for Europe's resilience and competitiveness as it is essential for the modernisation of our economy,' EU Commissioner for International Partnerships Jozef Síkela said. 'The EU offer is to link cooperation in this area with skills, quality jobs, access to clean energy and essential services, and with good practices and high standards. 'This is what the Global Gateway is about, and our projects prove it in action. With this approach, we contribute to prosperity and stability in both Europe and our partner countries, strengthening economic security and diversifying supply chains.' ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap EV1 Evolutionenergy 0.015 88% 4831423 $2,901,204 ADD Adavale Resource Ltd 0.0015 50% 400066 $2,287,279 AUH Austchina Holdings 0.0015 50% 27230 $3,025,384 AXP AXP Energy Ltd 0.0015 50% 5558647 $6,684,681 OB1 Orbminco Limited 0.0015 50% 10000000 $2,897,568 CDE Codeifai Limited 0.02 43% 5730545 $4,564,445 IS3 I Synergy Group Ltd 0.007 40% 157336 $2,503,651 AOA Ausmon Resorces 0.002 33% 375000 $1,966,820 EEL Enrg Elements Ltd 0.002 33% 21903039 $4,880,668 FGH Foresta Group 0.008 33% 1118453 $15,917,439 HLX Helix Resources 0.002 33% 393336 $5,046,291 ZEU Zeus Resources Ltd 0.012 33% 20152873 $5,766,058 EVEDA EVE Health Group Ltd 0.03 30% 2108010 $3,032,828 GTR Gti Energy Ltd 0.0045 29% 38969586 $10,496,324 AMS Atomos 0.005 25% 117868 $4,860,074 CHM Chimeric Therapeutic 0.005 25% 5634619 $8,060,777 ENT Enterprise Metals 0.0025 25% 100108 $2,356,635 EVG Evion Group NL 0.02 25% 3182621 $6,958,720 OLI Oliver'S Real Food 0.005 25% 50000 $2,162,928 TMX Terrain Minerals 0.0025 25% 22788 $4,497,113 LOC Locatetechnologies 0.11 25% 700761 $19,908,829 TEE Topendenergylimited 0.054 23% 596361 $12,288,375 ATX Amplia Therapeutics 0.061 22% 8552116 $19,397,633 VMM Viridismining 0.35 21% 429693 $25,003,897 HWK Hawk Resources. 0.018 20% 2009615 $4,063,942 Making news… GTI Energy (ASX:GTR) says early numbers from its Lo Herma uranium project in Wyoming look promising, pointing to a potential low-cost in-situ recovery (ISR) operation producing around 800,000 pounds of uranium a year. The scoping study was run by Wyoming-based experts BRS Engineering and outlines a seven-year plan with a total production target of nearly 6 million pounds. It's still early days, though – most of the resource is in the lower-confidence 'Inferred' category, so there's no guarantee the uranium's all there or that it'll stack up economically just yet. AXP Energy (ASX:AXP) has achieved what it described as 'reliable system uptime' for its gas-to-Bitcoin mining operation, using an oil and gas well in the Pathfinder field of Colorado to power a bitcoin mining site. With the off-grid gas-to-power site now operational, the company is looking to roll out its technology in additional locations to support the bitcoin mining sector. As mentioned above, the EU has recognised Evion Group's (ASX:EVG) Maniry graphite project in Madagascar as a strategic future supplier of critical minerals. The EU's recognition provides pathways to funding, grants and preferred offtake partners for the company. EVG's executive team will meet with EU officials in the near term to outline a development plan. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap AXI Axiom Properties 0.018 -40% 15000 $12,981,410 HCD Hydrocarbon Dynamics 0.002 -33% 1444004 $3,234,328 PIL Peppermint Inv Ltd 0.002 -33% 2830000 $6,828,269 GMN Gold Mountain Ltd 0.0015 -25% 1347106 $11,239,518 SFG Seafarms Group Ltd 0.0015 -25% 294907 $9,673,198 AVE Avecho Biotech Ltd 0.004 -20% 655257 $15,867,318 DAF Discovery Alaska Ltd 0.008 -20% 977000 $2,342,347 EM2 Eagle Mountain 0.004 -20% 537797 $5,675,186 EVR Ev Resources Ltd 0.004 -20% 200001 $9,929,183 SAN Sagalio Energy Ltd 0.004 -20% 160000 $1,023,301 1AD Adalta Limited 0.0025 -17% 6146114 $3,020,120 BIT Biotron Limited 0.0025 -17% 330026 $3,981,738 FRX Flexiroam Limited 0.005 -17% 612700 $9,104,392 JAV Javelin Minerals Ltd 0.0025 -17% 629358 $18,378,447 OVT Ovanti Limited 0.0025 -17% 3982026 $8,380,545 PRX Prodigy Gold NL 0.0025 -17% 2113333 $9,525,167 VAR Variscan Mines Ltd 0.005 -17% 987350 $4,697,146 GCM Green Critical Min 0.0185 -16% 47106388 $43,189,923 EPM Eclipse Metals 0.016 -16% 22225074 $54,450,562 OLY Olympio Metals Ltd 0.033 -15% 637320 $3,434,625 QEM QEM Limited 0.051 -15% 57568 $11,450,021 AON Apollo Minerals Ltd 0.006 -14% 8368133 $6,499,198 ICR Intelicare Holdings 0.006 -14% 3390374 $3,403,317 SRJ SRJ Technologies 0.012 -14% 1200956 $8,478,093 PEB Pacific Edge 0.091 -13% 4482 $85,251,177 Making news… Eagle Mountain Mining (ASX:EM2) managing director Charlie Bass has stepped down from the role, effective end of business June 6. Bass is stepping down to pursue private interests, but says he remains a 'strong believer in Eagle Mountain's future' and will continue to support EM2 as its largest shareholder. IN CASE YOU MISSED IT Albion Resources (ASX:ALB) has locked in heritage for a maiden campaign over an underexplored end of the Yandal Greenstone Belt. TG Metals (ASX:TG6) has defined a resource of 227,140oz contained gold at its Van Uden project after updating it to JORC 2012 compliance. Trek Metals (ASX:TKM) is preparing to start drilling at its Christmas Creek gold project in Western Australia. Taruga Minerals (ASX:TAR) is narrowing down potential lead and silver drill targets at the Thowagee polymetallic project in WA. Asra Resources (ASX: ASR) has welcomed a highly experienced geological consultant to its technical team as CEO Paul Stephen transitions to MD. Elevate Uranium (ASX:EL8) zone measuring 11km by 7.5km. Investors have demonstrated their confidence in Caprice Resources' (ASX:CRS) and its plans to advance gold exploration at its Murchison gold projects by providing firm commitments for a $7m placement. EMVision Medical Devices (ASX:EMV) has appointed Ramsay Health Care Australia CEO Carmel Monaghan as a non-executive director of the board. Binding commitments to raise $4m in a placement have furnished Brazilian Critical Minerals (ASX:BCM) with funds for pre-development work at its Ema rare earth project Nimy (ASX:NIM) has hit sizeable intervals of gallium host rock at the Block 3 gallium project in WA, reinforcing the company's geological model. QX Resources (ASX:QXR) has executed a binding term sheet to farm-out a 75% stake in the iron ore rights of its Western Shaw project in WA's Pilbara region. TRADING HALTS At Stockhead, we tell it like it is. While GTI Energy is a Stockhead advertiser, it did not sponsor this article.
Business Insider
01-06-2025
- Business
- Business Insider
Pilbara Minerals (PILBF) was downgraded to a Sell Rating at UBS
UBS analyst Levi Spry downgraded Pilbara Minerals (PILBF – Research Report) to a Sell yesterday and set a price target of A$1.10. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Spry is a 5-star analyst with an average return of 10.3% and a 64.42% success rate. Spry covers the Basic Materials sector, focusing on stocks such as Perseus Mining , Northern Star Resources Ltd, and Gold Road Resources Ltd. Pilbara Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $1.27. PILBF market cap is currently $2.72B and has a P/E ratio of -112.50. Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PILBF in relation to earlier this year.
Business Insider
05-05-2025
- Business
- Business Insider
Morgan Stanley Reaffirms Their Buy Rating on Pilbara Minerals (PILBF)
In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Pilbara Minerals (PILBF – Research Report), with a price target of A$1.70. The company's shares closed last Friday at $0.96. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Pilbara Minerals . According to TipRanks, Anand has an average return of 5.3% and a 48.81% success rate on recommended stocks. Pilbara Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $1.31, which is a 36.57% upside from current levels. In a report released on April 22, Morgans also maintained a Buy rating on the stock with a A$2.30 price target. 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 Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PILBF in relation to earlier this year.
Bloomberg
24-02-2025
- Business
- Bloomberg
Battery Metal Rout Set to Force Unprofitable Miners to Cut Costs
A wave of cost cutting and potential consolidation looms for lithium and nickel miners in the year ahead, with no short-term relief in sight for the key battery metals sector after a poor earnings season. Three Australian-based lithium miners — PLS Ltd. (formerly Pilbara Minerals), IGO Ltd. and Mineral Resources Ltd. — each posted their largest first-half losses in more than six years, and delivered no dividends to their shareholders.
