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Citi lifts PT for ASX shares of Patriot Battery Metals on world's largest caesium deposit

ReutersJul 21, 2025 8:12 PM

Citi hikes its price target for ASX-listed shares of Patriot Battery Metals PMT.AX PMET.TO by 15 Australian cents per share to 50 AU cps; maintains "buy" rating

The explorer confirms world’s largest pollucite-hosted caesium pegmatite deposit at the Shaakichiuwaanaan Project in Canada's Quebec province

Brokerage raises its assumed equity raise price this calendar year to reflect recent share price appreciation; shares jumped 19.5% this month

Reduces share dilution assumptions given share rally

All 5 analysts rated "buy" on ASX shares, median PT at A$0.41, per LSEG compiled data

YTD, ASX-listed shares of PMT up 13.6%

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