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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.25, but opened at $9.74. Lynas Rare Earths shares last traded at $9.6950, with a volume of 78,945 shares.

Wall Street Analysts Forecast Growth

LYSDY has been the subject of several research reports. UBS Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Lynas Rare Earths presently has an average rating of “Buy”.

Lynas Rare Earths Stock Up 1.5%

The company has a 50 day moving average of $9.06 and a two-hundred day moving average of $9.15. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

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.