Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Still a Buy?
by Sarita Garza · The Markets DailyShares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $9.53, but opened at $10.21. Lynas Rare Earths shares last traded at $10.0550, with a volume of 18,495 shares traded.
Analyst Upgrades and Downgrades
Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Lynas Rare Earths currently has a consensus rating of “Strong Buy”.
View Our Latest Analysis on LYSDY
Lynas Rare Earths Price Performance
The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.94 and a current ratio of 9.25. The firm has a 50 day moving average price of $10.94 and a two-hundred day moving average price of $12.57.
Lynas Rare Earths Company Profile
Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.
Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.