Lynas Rare Earths (OTCMKTS:LYSCF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.41 and traded as high as $10.44. Lynas Rare Earths shares last traded at $10.34, with a volume of 170,601 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group set a $17.80 target price on Lynas Rare Earths and gave the company a “buy” rating in a research note on Wednesday, November 19th. William Blair began coverage on Lynas Rare Earths in a report on Tuesday, January 13th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.80.

Lynas Rare Earths Stock Down 5.1%

The business has a fifty day moving average of $9.27 and a 200 day moving average of $9.41.

Lynas Rare Earths Company Profile

Lynas Rare Earths Ltd (OTCMKTS:LYSCF) is an Australian‐headquartered company specializing in the exploration, mining and processing of rare earth elements, which are critical components in the manufacture of high‐performance magnets, catalysts, electronics and renewable energy technologies. The company’s flagship asset is the Mount Weld deposit in Western Australia, renowned for being one of the world’s highest‐grade rare earth deposits. From exploration through to downstream processing, Lynas has built an integrated, end‐to‐end supply model aimed at diversifying global supply chains and reducing reliance on traditional suppliers.

At Mount Weld, Lynas employs conventional open‐pit mining techniques to extract ore that contains neodymium, praseodymium, cerium and lanthanum, among other rare earths.