Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Should You Sell?
by Scott Moore · The Cerbat GemShares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $15.36, but opened at $14.89. Lynas Rare Earths shares last traded at $14.72, with a volume of 31,346 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on LYSDY shares. Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. TD Securities upgraded Lynas Rare Earths to a “hold” rating in a research report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Get Our Latest Report on LYSDY
Lynas Rare Earths Stock Performance
The stock has a 50 day moving average price of $12.95 and a 200-day moving average price of $11.20.
About Lynas Rare Earths
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.