Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) traded up 8.7% during mid-day trading on Tuesday . The company traded as high as $13.51 and last traded at $13.4950. 130,757 shares were traded during trading, a decline of 71% from the average session volume of 456,202 shares. The stock had previously closed at $12.41.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LYSDY. UBS Group upgraded Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 19th. TD Securities upgraded shares of Lynas Rare Earths to a "hold" rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group raised shares of Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".
Check Out Our Latest Stock Analysis on LYSDY
Lynas Rare Earths Stock Performance
The business has a 50 day moving average of $10.93 and a 200-day moving average of $10.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83.
About Lynas Rare Earths
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Lynas Rare Earths Limited OTCMKTS: LYSDY is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company's flagship operation is the Mount Weld mine in Western Australia, one of the world's highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.
Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.
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