Analysts from Goldman Sachs have readjusted their price target on Australia’s Liontown Resources (ASX:LTR) to A$1.35 per share, down from A$1.40.

This action has resulted in a marginal slip of Liontown Resources' shares by roughly 0.7%.

Updated figures from last Friday indicate that Liontown Resources has raised its project capital cost estimate for the Kathleen Valley lithium project to A$951 million.

This adjustment comes up from the previous estimate of A$895 million.

The Kathleen Valley project, standing as one of the main assets of Liontown Resources, is located to the north-east of Perth.

An acquisition of Liontown Resources by Albemarle Corp is already in progress.

Notably, Liontown Resources' stock has more than doubled in value over the past year.

Liontown Resources is a notable player in the Australian market, primarily engaged in the exploration and production of lithium.