Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – What’s Next?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up prior to trading on Friday . The stock had previously closed at $11.54, but opened at $12.48. Lynas Rare Earths shares last traded at $12.4940, with a volume of 6,667 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Lynas Rare Earths has an average rating of “Buy”.

Lynas Rare Earths Price Performance

The business has a 50 day simple moving average of $13.76 and a two-hundred day simple moving average of $11.90.

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.