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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.37, but opened at $13.12. Lynas Rare Earths shares last traded at $13.0425, with a volume of 57,897 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LYSDY. Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. TD Securities raised shares of Lynas Rare Earths to a “hold” rating in a research note on Monday, February 9th. Three 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 has a consensus rating of “Buy”.

Lynas Rare Earths Trading Down 10.0%

The stock has a 50 day moving average of $13.98 and a 200-day moving average of $11.38.

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.