Lynas Rare Earths (OTCMKTS:LYSDY) Raised to “Strong-Buy” at Jefferies Financial Group

Lynas Rare Earths (OTCMKTS:LYSDY) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently issued reports on LYSDY. TD Securities raised Lynas Rare Earths to a “hold” rating in a research report on Monday, February 9th. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Finally, The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Lynas Rare Earths Stock Up 7.6%

Shares of LYSDY stock opened at $14.38 on Wednesday. The company’s 50 day moving average is $11.16 and its 200 day moving average is $10.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67. Lynas Rare Earths has a 52-week low of $4.20 and a 52-week high of $16.18.

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.