Lynas Rare Earths (OTCMKTS:LYSCF) Stock Passes Above 200-Day Moving Average – What’s Next?

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.63 and traded as high as $11.4450. Lynas Rare Earths shares last traded at $11.38, with a volume of 58,999 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LYSCF shares. UBS Group set a $17.80 price target on shares of Lynas Rare Earths and gave the company a “buy” rating in a research report on Wednesday, November 19th. William Blair initiated coverage on shares of Lynas Rare Earths in a report on Tuesday, January 13th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.80.

Lynas Rare Earths Trading Down 0.5%

The company has a 50-day simple moving average of $9.51 and a two-hundred day simple moving average of $9.63.

About Lynas Rare Earths

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.