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

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.81 and traded as high as $13.83. Lynas Rare Earths shares last traded at $13.4350, with a volume of 30,308 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group set a $24.00 price objective on Lynas Rare Earths in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $20.90.

Lynas Rare Earths Stock Down 2.2%

The firm has a fifty day moving average of $13.90 and a 200 day moving average of $11.81.

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.