Lynas Rare Earths (OTCMKTS:LYSDY) Upgraded by TD Securities to Hold Rating

Lynas Rare Earths (OTCMKTS:LYSDY) was upgraded by analysts at TD Securities to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Up 2.4%

OTCMKTS LYSDY opened at $10.80 on Monday. Lynas Rare Earths has a 12 month low of $4.10 and a 12 month high of $16.18. The company’s 50 day simple moving average is $9.64 and its 200 day simple moving average is $9.88. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

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.