Lynas Rare Earths (OTCMKTS:LYSCF) Share Price Passes Above 200 Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemShares of Lynas Rare Earths Limited (OTCMKTS:LYSCF – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.36 and traded as high as $14.16. Lynas Rare Earths shares last traded at $13.8864, with a volume of 36,658 shares.
Analyst Ratings Changes
LYSCF has been the topic of several research analyst reports. William Blair initiated coverage on Lynas Rare Earths in a report on Tuesday, January 13th. They set an “outperform” rating on the stock. Jefferies Financial Group set a $24.00 target price on Lynas Rare Earths in a report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lynas Rare Earths presently has a consensus rating of “Buy” and an average price target of $20.90.
Check Out Our Latest Stock Analysis on Lynas Rare Earths
Lynas Rare Earths Stock Down 2.1%
The firm has a fifty day moving average of $13.70 and a 200-day moving average of $11.36.
About Lynas Rare Earths
Lynas Rare Earths Ltd (OTCMKTS:LYSCF) is an Australian‐headquartered company specializing in the exploration, mining and processing of rare earth elements, which are critical components in the manufacture of high‐performance magnets, catalysts, electronics and renewable energy technologies. The company’s flagship asset is the Mount Weld deposit in Western Australia, renowned for being one of the world’s highest‐grade rare earth deposits. From exploration through to downstream processing, Lynas has built an integrated, end‐to‐end supply model aimed at diversifying global supply chains and reducing reliance on traditional suppliers.
At Mount Weld, Lynas employs conventional open‐pit mining techniques to extract ore that contains neodymium, praseodymium, cerium and lanthanum, among other rare earths.