3 ASX All Ordinaries shares hitting all-time highs on Monday

ASX shares are having a good day on the market today, with the benchmark All Ordinaries Index (ASX: XAO) lifting 1.02%.

And that’s helping to drive some ASX All Ords shares to never-before-seen heights.

Let’s take a look at three stocks hitting their highest prices ever on Monday.

3 All Ords shares hitting record highs

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price has taken off to yet another all-time high on Monday. The All Ords share lifted to trade at $4.62 today, marking a 2.66% gain.

There’s been no news from the S&P/ASX 200 Index (ASX: XJO) lithium producer since it dropped its full-year earnings, detailing its maiden profit, on 23 August.

Though, its stock is now trading for 45% more than it was prior to the release.

Mineral Resources Limited (ASX: MIN)

Pilbara Minerals’ fellow ASX All Ords and ASX 200 materials share Mineral Resources has also been on a winning run lately.

Its stock surged 13.6% on Friday amid rumours the company might be planning to spin out its lithium business.

And it’s lifting once more today on the back of an update from its Norseman Lithium joint venture (JV). The initial phase one drilling program completed by the company at the Buldania Lithium Project – part of its initial earn in under the JV ­– has confirmed the presence of lithium.

The Mineral Resources share price hit an all-time high of $74 earlier today, marking a 3.5% gain.

Lovisa Holdings Ltd (ASX: LOV)

The final ASX All Ords share hitting a new record high is Lovisa. Stock in the jewellery retailer hit a high of $25.13 earlier today, representing a 5.8% gain.

It comes as Morgan Stanley ups its expectations for the company. The broker has kept its overweight rating for Lovisa’s shares and upped its price target to $27.25, my Fool colleague James reports.

That represents a potential 8.4% upside on the All Ords share’s current record high.

Interestingly, Lovisa will soon join Pilbara Minerals and Mineral Resources in the ASX 200. It will be added to the index next week.

The post 3 ASX All Ordinaries shares hitting all-time highs on Monday appeared first on The Motley Fool Australia.

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More reading

• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• Mineral Resources share price lifts on positive lithium project update
• Brokers name 3 ASX lithium shares to buy
• I shouldn’t have sold this ASX share two years ago: fund
• Possible lithium spinoff makes Mineral Resources share price undervalued: Credit Suisse

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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