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The S&P/ASX 200 Index (ASX: XJO) started the week off with a bang, driven higher by miners and tech shares. The index lifted 1.02% to close at 6,964.50 points on Monday.

The S&P/ASX 200 Materials Index (ASX: XMJ) closed today’s session 2.2% higher, likely on the back of rising commodities.

Iron ore futures lifted 2.1% to US$102.23 a tonne on Friday while gold futures rose 0.5% to US$1,728 an ounce. Nickel also posted a 5.7% gain to finish Friday trading at U$22,959 a tonne.

Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) surged 1.5% today.

Its gains were likely due to a similarly strong Friday on Wall Street. The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) gained 2.1% on Friday.

But it wasn’t all green across the market today. The S&P/ASX 200 Health Care Index (ASX: XHJ) was alone in posting a loss on Monday. It fell 0.3%.

But which ASX 200 share recorded the best start to the week? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top performing ASX 200 share was Nickel Industries Ltd (ASX: NIC).

The materials stock posted a 6.7% gain after the company released an update on its Hengjaya Mine.  

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Nickel Industries Ltd (ASX: NIC)	$0.955	6.7%
Gold Road Resources Ltd (ASX: GOR)	$1.43	5.15%
De Grey Mining Limited (ASX: DEG)	$1.14	5.07%
News Corporation (ASX: NWS)	$26.03	5%
Block Inc (ASX: SQ2)	$109	4.94%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$63.51	4.42%
City Chic Collective Ltd (ASX: CCX)	$1.725	4.23%
CSR Limited (ASX: CSR)	$4.71	4.2%
Clinuvel Pharmaceuticals Limited (ASX: CUV)	$22.08	4.15%
Elders Ltd (ASX: ELD)	$12.77	3.99%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• 3 ASX 200 mining shares going great guns on Monday
• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• Here’s why the Nickel Industries share price is racing 7% higher
• Why are ASX 200 tech shares having such a cracking start to the week?

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 positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Elders Limited. 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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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Aroa Biosurgery Ltd (ASX: ARX)

According to a note out of Bell Potter, its analysts have retained their speculative buy rating on this medical device company’s shares with an improved price target of $1.40. Bell Potter likes the company’s soft tissue regeneration technology, OviTex, due to its low hernia recurrence. It notes that discussions with high-volume surgeons in the US indicate recurrence rates are under 5% across robotic inguinal, open inguinal, and ventral hernia procedures. All in all, the broker appears to believe this leaves it well-placed for strong top line growth in the coming years. The Aroa Biosurgery share price is trading at 78 cents on Monday.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

A note out of Citi reveals that its analysts have retained their buy rating and $84.40 price target on this pizza chain operator’s shares. Citi notes that its analysis of high frequency data suggests sales growth is accelerating in Japan despite cycling tough comps. And while Europe and Australia remain weak due to cost of living pressures, it remain positive on the medium term outlook. This is due to same store sales appearing on track to turn positive and the moderation of some inflationary headwinds. The Domino’s share price is fetching $63.59 this afternoon.

Lovisa Holdings Ltd (ASX: LOV)

Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this jewellery retailer’s shares to $27.25. According to the note, the broker was impressed with Lovisa’s performance in FY 2022 and is bullish on its outlook. Particularly given its belief that the company can open stores quicker than the market is expecting. It also sees margin expansion opportunities from price increases and operating leverage. The Lovisa share price is trading at $24.40 today.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares hitting all-time highs on Monday
• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• Down 50% in 2022: Is the Domino’s share price a bargain buy?
• 2 of the best ASX shares to buy now according to Morgans
• I shouldn’t have sold this ASX share two years ago: fund

Motley Fool contributor James Mickleboro 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 Dominos Pizza Enterprises Limited and 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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The S&P/ASX 200 Index (ASX: XJO) hasn’t had the happiest month. Over the past four weeks or so, the ASX 200 has lost around 1.5% of its value. But it’s been even worse for the Northern Star Resources Ltd (ASX: NST) share price.

Northern Star shares are today going for $7.76 a share at the time of writing, up 0.4% for this session. But one month ago, the company had closed at $8.43 a share. That means that Northern Star shares have lost a painful 8.2% over the past month. Ouch.

But what about dividends? After all, as an ASX gold miner, dividends are important for many of Northern Star’s shareholders. Remember, gold bullion doesn’t offer any yield itself, so many gold investors like to invest in gold miners like Northern Star for yield.

As any dividend investor worth their salt knows, falling share prices usually translate into higher dividend yields. A dividend yield is a function of a company’s dividends per share, and its share price. The lower the share price, the larger the dividend yield.

What kinds of dividends do Northern Star shares have on the table today?

In terms of raw dividends per share, Northern Star has some pleasing metrics up its sleeve. We’ve just seen the gold miner declare a final dividend for FY22 of 11.5 cents per share, fully franked.

That was a pleasing 21% rise over FY21’s final dividend of 9.5 cents per share. It brings Northern Star’s total dividends paid over 2022 to 21.5 cents per share, again a decent boost over 2021’s total of 19 cents.

A month ago, when Northern Star was asking $8.43 a share, this would have given the company a dividend yield of 2.55%. But, at today’s price of $7.76, this yield has risen to 2.77%.

Of course, this only applies to investors buying Northern Star Resources shares today. If an investor bought last month at $8.43, they would be stuck with the old yield on their capital.

But even so, the relationship between share price and dividend yield is one that all income investors should take care to understand. It can make the difference between a good dividend share and a great one over time, provided the right ASX shares are chosen, of course.

At the current Northern Star Resources share price, this ASX 200 gold miner has a market capitalisation of $9.03 billion.

The post The Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Do ASX 200 gold shares pay regular dividends?
• 5 things to watch on the ASX 200 on Wednesday
• Why are ASX 200 gold shares having such a hard time of it in 2022?
• Why is the Northern Star share price losing its shine on Tuesday?

Motley Fool contributor Sebastian Bowen 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 no position in any of the stocks mentioned. 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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Little-known ASX mining share Odessa Minerals Ltd (ASX: ODE) is shooting the lights out today.

Odessa Minerals shares closed yesterday trading for 1.5 cents and are trading for 2.8 cents at the time of writing, up 86.8%.

Here’s what’s piquing investor interest in this tiny ASX mining share today.

Why is the Odessa Minerals share price on fire today?

The Odessa Minerals share price is shooting higher after the ASX mining share announced it has been granted two out of the three exploration licence applications at its Lyndon Project, located in Western Australia.

The Lyndon Project covers 606 square kilometres of the highly prospective Gascoyne Complex.

Odessa expects ministerial consent to transfer the two granted tenements from CRC Minerals Ltd under the Mining Act in the near future. The miner expects it will be granted the third exploration license inside the next month.

Commenting on the “excellent news,” Odessa executive director David Lenigas said:

Recently acquired historical lithium data includes an assay of 314 ppm lithium oxide. This highly significant result comes from a drainage sample collected immediately downstream of a cluster of outcropping pegmatites, and this area will be our initial focus for exploration over the coming months.

We are also highly encouraged by the recent rare earth element (REE) drilling results that Dreadnought Resources are getting from their Yin Prospect, which is located to the east of Lyndon.

The ASX mining share plans to kick off exploration at Lyndon for lithium, rare earth elements and copper-nickel.

The deal remains subject to shareholder approval.

How has this little-known ASX mining share been performing?

Odessa Minerals is a microcap stock and, as such, shares tend to be thinly traded. Though not today.

With today’s intraday lift factored in, the ASX mining share is up 45% over the past month. That compares to a 1% one-month loss posted by the All Ordinaries Index (ASX: XAO).

The post Here’s why this obscure ASX mining share is exploding 87% on Monday appeared first on The Motley Fool Australia.

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More reading

• Broker tips this ASX 300 energy share to rocket 70%
• The Core Lithium share price has soared 150% in 2022, but is the company actually producing?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Chorus, MA Financial, Tyro, and Vulcan Energy shares are dropping
• Top broker tips lithium price to surge 86% over next 2 years

Motley Fool contributor Bernd Struben 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 no position in any of the stocks mentioned. 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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The Karoon Energy Ltd (ASX: KAR) share price has started the week with a whimper.

In late trade, the energy explorer’s shares are down slightly to $2.01.

Though, it is worth highlighting that the Karoon Energy share price is smashing the market on a 12-month basis.

During this time, the company’s shares have risen a whopping 62%.

Where next for the Karoon Energy share price?

The good news for investors is that one broker believes the Karoon Energy share price gains are only getting started.

According to a note out of Barclay Pearce Capital, its analysts have put a buy rating and $3.49 price target on the company’s shares.

Based on the current Karoon Energy share price of $2.01, this implies potential upside of 73% for investors over the next 12 months.

What did the broker say?

Barclay Pearce Capital has been busy reviewing the company’s results for FY 2022 and appears to have liked what it saw.

It highlights that the result was well ahead of the market’s expectations and suspects that more of the same could be coming in the future. The broker commented:

KAR reported FY22 underlying NPAT of US$89.6m (AUD$128.0m using an AUD/USD 0.70c conversion rate) which is 35% above market expectations of AUD$94.8m. Hence, we expect positive earnings revisions of 20% for FY23 and 10% for future periods.

All in all, it feels that this makes it great value at the current level. Its analysts conclude:

We are initiating coverage on KAR with a 12-month target price of $3.49 and with a BUY recommendation. The price target is underpinned by our valuation.

The post Broker tips this ASX 300 energy share to rocket 70% appeared first on The Motley Fool Australia.

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More reading

• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• Why these 3 ASX shares could be in for a massive boost this month
• 3 ASX All Ords shares that leapt higher on FY22 results today

Motley Fool contributor James Mickleboro 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 no position in any of the stocks mentioned. 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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The share price of S&P/ASX 200 Index (ASX: XJO) lithium favourite Core Lithium Ltd (ASX: CXO) has taken off in 2022. It’s gained 157% since the start of this year to trade at $1.62 right now.

For context, the ASX 200 has slumped 8% so far this year.

With all those gains under its belt, market watchers will be forgiven for assuming the company must be rolling in lithium. But the truth might come as a surprise.

Is Core Lithium producing yet?

Those who bought Core Lithium shares in 2021 will likely be jumping for joy this year. The stock has doubled and then some since the new year began.

That’s particularly impressive given the company still hasn’t secured its maiden production. Though, the major milestone isn’t far away.

The company is on track to deliver its Finniss Project’s first production before the end of this year.

The project, located near Darwin Port, is said to be Australia’s newest and most advanced lithium project.

Its high-grade and high-quality lithium is suitable to produce lithium-ion batteries to power electric vehicles (EVs) and renewable energy storage.

Indeed, the company signed a lithium supply agreement with EV goliath Tesla Inc (NASDAQ: TSLA) in March. The Core Lithium share price roared 15% higher on the back of the deal. A binding off-take take sheet is expected to be agreed upon between the pair by the end of next month.

Core Lithium also owns a series of other projects.  

It holds the Anningie and Barrow Creek Lithium Projects in the north Arunta Region of the Northern Territory, as well as notable nearby projects.

On top of those, it boasts copper, silver, and lead projects in the Northern Territory, a zinc project in South Australia, and uranium projects in both states.

Core Lithium share price snapshot

It’s been a resoundingly positive period for the Core Lithium share price lately.

On top of gaining 157% year-to-date, the stock is swapping hands for 357% more than it was this time last year.

Though, it’s currently 4.7% lower than the all-time high of $1.48 it reached in April.

The post The Core Lithium share price has soared 150% in 2022, but is the company actually producing? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Vulcan Energy share price is one of the worst ASX lithium performers so far this year. Why?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Global Lithium Resources share price rocketing 27% this week?
• 4 ASX lithium shares that have rocketed more than 100% in 2022

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 no position in any of the stocks mentioned. 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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The S&P/ASX 200 Index (ASX: XJO) is off to the races today in what has been a pretty fantastic start to the trading week for ASX investors. At the time of writing, the ASX 200 has gained an impressive 1.08% so far this session to just under 6,970 points.

But let’s dig deeper into these share market gains and take a look at the ASX 200 shares currently topping the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Core Lithium Ltd (ASX: CXO)

First cab off the rank today is the ASX 200 lithium share Core Lithium. So far this Monday, a sizeable 16.31 million Core Lithium shares have been exchanged on the markets. There’s been no new news out of the company itself today.

So perhaps today’s gains are being caused by the movements in the company’s share price itself. Core shares have bounced around quite a lot today. The company is presently 0.63% lower at $1.585 a share.

But we have seen lows of $1.55 and highs of $1.64 over just today’s session. It’s probably this volatility that has caused Core Lithium to be present on this ASX 200 list today.

Pilbara Minerals Ltd (ASX: PLS)

Next up is another ASX 200 lithium share in Pilbara Minerals. So far this Monday, a whopping 20.57 million Pilbara shares have been bought and sold.

This has probably been sparked by yet another new record high for the lithium producer today. At present, Pilbara shares are trading at $4.575 each, up a healthy 1.67%. But the company touched $4.62 a share earlier this afternoon, Pilbara Minerals’ new high watermark.

AMP Ltd (ASX: AMP)

Finally, our most traded share this Monday is financial services provider AMP. This session has seen a hefty 20.93 million AMP shares find a new home. This could be a result of AMP’s ongoing share buybacks, which are continuing on a day-to-day basis at present.

But it’s likely that AMP’s big share price move today is also eliciting high trading volumes. Currently, the AMP share price is going for $1.177, up a pleasing 4.16% so far today.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Top broker tips lithium price to surge 86% over next 2 years
• Up 47% in a month, is the party just getting started for Pilbara Mineral shares?
• 3 ASX All Ordinaries shares hitting all-time highs on Monday
• Brokers name 3 ASX lithium shares to buy
• Vulcan Energy share price is one of the worst ASX lithium performers so far this year. Why?

Motley Fool contributor Sebastian Bowen 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 no position in any of the stocks mentioned. 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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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with an impressive gain. In late trade, the benchmark index is up 1.1% to 6,972.4 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Chorus Ltd (ASX: CNU)

The Chorus share price is down 2% to $6.93. This has been driven by the New Zealand based telecommunications company’s shares trading ex-dividend this morning. Eligible shareholders can expect to receive a 16.1 cents per share dividend next month on 11 October.

MA Financial Group Ltd (ASX: MAF)

The MA Financial share price has crashed 20% to $4.05. This was despite there being no news out of the financial company formerly known as Moelis. However, it has responded this afternoon, explaining why it thinks its shares were sold off. It commented: “We note comments made in the media about the potential outcome of the Federal Government’s review into the immigration system and its visa programmes including the Significant Investor Visa (SIV).”

Tyro Payments Ltd (ASX: TYR)

The Tyro share price is down 5% to $1.30. Reports that Potentia is trying to gain support for its $1.27 per share takeover offer appear to be weighing on this payments company’s shares. Investors appear to have been betting on a better offer being made, but that is looking less likely based on current speculation.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price is down 8% to $7.97. This is despite there being no news out of the lithium developer. However, it is worth noting that a number of lithium shares are under pressure on Monday. This could be due to profit taking after some strong gains in recent weeks.

The post Why Chorus, MA Financial, Tyro, and Vulcan Energy shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Why did the MA Financial share price just crash 20% before being halted?
• Vulcan Energy share price is one of the worst ASX lithium performers so far this year. Why?
• Tyro share price climbs another 10%. Could a fresh takeover bid be on the horizon?
• Nitro now Tyro: Could there be ‘Potentia-l’ for other ASX tech shares?
• Here are 3 ASX 200 shares going ex-dividend on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. 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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It’s another positive day for some ASX lithium shares. At the time of writing, the Pilbara Minerals Ltd (ASX: PLS) share price is up 1% while its peer Core Lithium Ltd (ASX: CXO) is trading marginally lower.

Investors are expecting demand for lithium to keep rising over the long term.

With the world looking to decarbonise, lithium is seen as an important element in the production of batteries for electric vehicles and other large-scale battery solutions.

One of the world’s biggest miners, Rio Tinto Limited (ASX: RIO), has recently expanded into lithium with its Rincon lithium project acquisition for $825 million. At the time, the miner said:

The market fundamentals for battery grade lithium carbonate are strong, with lithium demand forecast to grow 25% to 35% per annum over the next decade with a significant supply demand deficit expected from the second half of this decade.

Stronger lithium price expected

According to reporting in the Australian Financial Review, the broker Barrenjoey is even more optimistic about the prospects for lithium.

Barrenjoey thinks the lithium price could rise by up to 86% over the next two years, thanks to ongoing tight market conditions which could continue into 2023. This, in turn, will have a flow-on effect, leading to larger net profit after tax (NPAT) figures and cash flows for lithium miners.

The AFR reported that Barrenjoey’s head of mining and metal Glyn Lawcock pointed to limited lithium supply as the major barrier to electric vehicle uptake.

Barrenjoey said Pilbara Minerals would be the one miner that benefits the most from higher prices for the commodity. The AFR reported the broker has increased its earnings per share (EPS) forecasts for Pilbara by up to 44% for FY23 and up to 120% for FY24.

Pilbara Minerals is bullish on the situation

The ASX lithium share’s FY22 result included some positive commentary about the future.

It said that lithium pricing remains “strong”, putting Pilbara Minerals in “prime position to capitalise on current market conditions, including the sale of spodumene concentrate”.

Pilbara Minerals is the 100% owner of the Pilgangoora project in Western Australia which, according to the company, houses one of the world’s largest deposits of hard rock lithium.

The company also expects the lithium deficit to worsen. By 2040, the expected lithium deficit could be an equivalent of around 18 Pilgangooras “with likely pricing implications”, it predicts.

Pilbara Minerals managing director and CEO Dale Henderson said:

The business is in an enviable position, supplying product into a burgeoning growth market with a clear pathway for further production growth off a performing operating base. Further, chemicals participation with our downstream JV with POSCO and our midstream project provides another extension of value creation for our shareholders. A very exciting future lies ahead for our business and our shareholders.

Pilbara Minerals share price snapshot

Over the last six months, Pilbara Minerals shares have risen around 64%.

The post Top broker tips lithium price to surge 86% over next 2 years appeared first on The Motley Fool Australia.

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More reading

• Up 47% in a month, is the party just getting started for Pilbara Mineral shares?
• 3 ASX All Ordinaries shares hitting all-time highs on Monday
• Brokers name 3 ASX lithium shares to buy
• Here are the top 10 ASX 200 shares today
• Up, up, and away: Pilbara Minerals shares deal out another all-time high

Motley Fool contributor Tristan Harrison 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 no position in any of the stocks mentioned. 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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The Pilbara Minerals Ltd (ASX: PLS) share price has been a standout ASX performer over the past month or so. Since 12 August, Pilbara Minerals shares have risen from $3.12 each to today’s pricing of $4.59 (at the time of writing). That’s a rise worth a jaw-dropping 47.1% for this ASX 200 lithium share.

Not only that, but we have also seen new 52-week high after new 52-week high over this short time span. The latest of these new highs came just today, with Pilbara shares hitting $4.62 this afternoon.

Think about this though. If any investor lucky enough to buy into Pilbara shares during the worst throes of the 2020 COVID crash, they would have been able to pick up shares of this ASX lithium producer for just 15 cents each.

If there indeed is any investor out there that made such a fortuitous trade, they would be sitting on what would be a near-3,000% gain today.

But enough on the past, hypothetical or real. What investors today probably care more about is what might happen to the Pilbara share price from here.

So could this leading ASX lithium share still be a buy today?

Does the Pilbara Minerals share price have more record highs up its sleeve?

Well, one ASX broker thinks it might. As my Fool colleague James covered on the weekend, ASX broker Macquaire remains very bullish on the Pilbara Minerals share price today.

Macquarie currently gives the company an outperform rating. That rating comes with a 12-month share price target of $5.60 per share. If that came to pass, it would represent a further upside of 22.5% or so from today’s share price.

As we discussed last week, Macquarie is building its optimism on Pilbara’s projections that it can increase its lithium production by more than half in FY23. Given the extraordinary price gains that lithium commodities have enjoyed in recent months, this should also mean higher cash flows and profits for Pilbara over this financial year.

No doubt that news will be welcomed by investors. But we shall have to wait and see if Macquarie’s Pilbara pricing prediction proves prescient.

At the current Pilbara Minerals share price, this ASX 200 lithium share has a market capitalisation of $13.42 billion.

The post Up 47% in a month, is the party just getting started for Pilbara Mineral shares? appeared first on The Motley Fool Australia.

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More reading

• Top broker tips lithium price to surge 86% over next 2 years
• 3 ASX All Ordinaries shares hitting all-time highs on Monday
• Brokers name 3 ASX lithium shares to buy
• Here are the top 10 ASX 200 shares today
• Up, up, and away: Pilbara Minerals shares deal out another all-time high

Motley Fool contributor Sebastian Bowen 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 no position in any of the stocks mentioned. 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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