Pilbara Minerals Forecast: Lower Revenues But Holding Share Price

Matterofspace029 Jan, 2024Business

Pilbara Minerals (ASX:PLS) is one of the largest names in the Australian mining industry and has maintained strong interests from investors over the years for their steady and dividend-friendly stock performances.But upcoming forecasts show a potential slump in sales and earnings due to multiple factors including a fluctuating global demand of battery-grade lithium.However, despite detrimental business conditions, Pilbara Minerals stock is expected to maintain its intrinsic value and hit price targets for what might be the silver lining based on current conditions.