Lynas Rare Earths (OTCMKTS:LYSCF) Shares Cross Above 200 Day Moving Average – Here’s Why

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.81 and traded as high as $13.83. Lynas Rare Earths shares last traded at $13.4350, with a volume of 30,308 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a $24.00 price objective on shares of Lynas Rare Earths in a report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $20.90.

Lynas Rare Earths Price Performance

The stock’s 50-day moving average price is $13.87 and its two-hundred day moving average price is $11.82.

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.