Lynas Rare Earths (OTCMKTS:LYSDY) Raised to “Strong-Buy” at The Goldman Sachs Group

Lynas Rare Earths (OTCMKTS:LYSDY) was upgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Canaccord Genuity Group cut shares of Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Up 2.8%

Shares of LYSDY stock opened at $10.07 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Lynas Rare Earths has a one year low of $3.79 and a one year high of $16.18. The business’s 50 day simple moving average is $10.94 and its 200 day simple moving average is $8.24.

About Lynas Rare Earths

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.