Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Here’s What Happened

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $14.97, but opened at $14.39. Lynas Rare Earths shares last traded at $14.38, with a volume of 70,797 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LYSDY. TD Securities raised Lynas Rare Earths to a “hold” rating in a research report on Monday, February 9th. Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a 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 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.com, the stock currently has a consensus rating of “Buy”.

Lynas Rare Earths Trading Down 4.7%

The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $11.52 and its two-hundred day moving average price is $10.57.

Lynas Rare Earths Company Profile

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.