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How to buy Pilbara Minerals (PLS) shares in Australia

Learn how to easily invest in Pilbara Minerals shares.

Pilbara Minerals (PLS) is an Australian lithium miner based in the Pilbara region in Western Australia. The company has 100% ownership of Pilgangoora Lithium-Tantalum, the world's largest independent hard-rock lithium operation. Along with other lithium stocks, its share price soared in 2020/21 thanks to growing public support towards electric vehicle technology.

How to buy shares in Pilbara Minerals

To buy shares listed in Australia such as Pilbara Minerals, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Pilbara Minerals.
    Find the share by name or ticker symbol: PLS. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Pilbara Minerals reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Pilbara Minerals. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Pilbara Minerals stock price (ASX:PLS)

Use our graph to track the performance of PLS stocks over time.

Pilbara Minerals shares at a glance

Information last updated 2024-04-17.
52-week range$3.1 - $5.2707
50-day moving average $3.8686
200-day moving average $4.0547
Target price$3.81
PE ratio 8.5333
Dividend yield $0.14 (7.29%)
Earnings per share (TTM) $0.45

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Pilbara Minerals stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Pilbara Minerals price performance over time

Historical closes compared with the last close of A$3.84

1 week (2024-04-12) -5.19%
1 month (2024-03-19) -2.04%
3 months (2024-01-19) 10.66%
6 months (2023-10-19) -0.52%
1 year (2023-04-19) -6.11%
2 years (2022-04-19) 31.96%
3 years (2021-04-19) 189.81%
5 years (2019-04-18) 481.82%

Is Pilbara Minerals under- or over-valued?

Valuing Pilbara Minerals stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Pilbara Minerals's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Pilbara Minerals's P/E ratio

Pilbara Minerals's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Pilbara Minerals shares trade at around 9x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Pilbara Minerals's EBITDA

Pilbara Minerals's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.9 billion (£0.0 million).

The EBITDA is a measure of a Pilbara Minerals's overall financial performance and is widely used to measure stock profitability.

Pilbara Minerals financials

Revenue TTM $2.6 billion
Operating margin TTM 47.25%
Gross profit TTM $3.3 billion
Return on assets TTM 27.48%
Return on equity TTM 47.46%
Profit margin 51.85%
Book value 1.065
Market capitalisation $11.6 billion

TTM: trailing 12 months

Pilbara Minerals share dividends

55%

Dividend payout ratio: 55.4% of net profits

Recently Pilbara Minerals has paid out, on average, around 55.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.29% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Pilbara Minerals shareholders could enjoy a 7.29% return on their shares, in the form of dividend payments. In Pilbara Minerals's case, that would currently equate to about A$0.14 per share.

Pilbara Minerals's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 4 September 2023 (the "ex-dividend date").

Have Pilbara Minerals's shares ever split?

Pilbara Minerals's shares were split on a 1:5 basis on 30 March 2008. So if you had owned 5 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Pilbara Minerals shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Pilbara Minerals shares which in turn could have impacted Pilbara Minerals's share price.

Pilbara Minerals share price volatility

Over the last 12 months, Pilbara Minerals's shares have ranged in value from as little as $3.1 up to $5.2707. A popular way to gauge a stock's volatility is its "beta".

PLS.AU volatility(beta: 1.39)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Pilbara Minerals's is 1.389. This would suggest that Pilbara Minerals's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).

Pilbara Minerals overview

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.

Past developments

25 January 2023: Pilbara Minerals announced an expansion of its P680 project at its Pilgangoora site in Western Australia. The cost of the expansion is estimated at $62 million
30 January 2023: Brokers remain neutral on Pilbara minerals. According to Goldman Sachs, the lithium miner is around its fair price of $4.90 per share. It is a similar story with Morningstar Quantitative, which also has a neutral rating but says shares are worth $4.59

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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