The Pilbara Minerals Ltd (ASX: PLS) share price has skyrocketed since the last day of the 2022 financial year.
Pilbara shares have soared 117% between market close on 30 June and 20 October this year.
So if I had invested in this ASX lithium explorer at the end of June, how would I be doing?
Image source: Getty Images
Winning investment
Let's say I had invested $5,000 in Pilbara Minerals shares after market close on 30 June. Pilbara shares were available for $2.29 at this time.
With this investment, I would have received 2,183 shares in the company with 93 cents left over.
Now, Pilbara shares are trading at $4.97. So my investment would be worth $10,849.51.
So I would have doubled my money and would have the option of banking a $5,849.51 profit.
Now let's take a look at Pilbara shares at their all-time high on 7 October. Pilbara shares closed at $5.42 this day. My investment would have been worth $11,831.86 at this time.
But would I want to sell my Pilbara Minerals shares? Macquarie has this week retained an outperform rating on Pilbara Minerals shares with a $5.70 price target following its latest digital auction. This implies a 14.7% upside on the current share price.
On the flip side, UBS rates the Pilbara Minerals share price as a sell, my Foolish colleague Tristan reported recently.
Red Leaf Securities CEO John Athanasiou has also recently recommended investors consider "cashing in some gains" on the Pilbara share price.
Pilbara Minerals does not currently pay dividends. However, Credit Suisse analysts are tipping the company to pay a 29 cents per share dividend in FY23. This would equate to a 5.84% dividend yield for investors.
Pilbara Minerals share price snapshot
Pilbara Minerals shares have climbed 55% in the year to date, while they have risen almost 5% in the past month.
For perspective, the S&P/ASX 200 Index (ASX: XJO) has lost almost 10% in the year to date.
Pilbara has a market capitalisation of more than $14.8 billion based on the current share price.
