Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $9.5950, but opened at $9.19. Lynas Rare Earths shares last traded at $8.75, with a volume of 49,316 shares changing hands.
Wall Street Analyst Weigh In
Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.
Check Out Our Latest Analysis on LYSDY
Lynas Rare Earths Stock Performance
About Lynas Rare Earths
Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.
Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.
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