0200 GMT - Liontown Resources will need to prudently manage costs moving forward, especially if spodumene prices do not improve, Macquarie analysts say in a note. "LTR is navigating challenging waters in a difficult lithium market," the analysts say. They are wary about Liontown's relatively high rate of gearing and say higher-than-expected 1H capital expenditure weighed on free cash flow. Still, they note that the miner posted strong underlying Ebitda for the period as well as a smaller-than-expected loss. Recoveries also continue to improve. Macquarie maintains a neutral rating and a target price of A$0.65 on Liontown. The stock is up 8.5% at A$0.70. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 16, 2025 22:00 ET (02:00 GMT)
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