Lynas Rare Earths (OTCMKTS:LYSDY) Shares Up 5.7% – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price traded up 5.7% during mid-day trading on Friday . The company traded as high as $10.95 and last traded at $10.8875. 170,899 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 540,743 shares. The stock had previously closed at $10.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. The Goldman Sachs Group upgraded 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Up 5.7%

The firm has a 50-day simple moving average of $9.19 and a two-hundred day simple moving average of $9.27. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

About Lynas Rare Earths

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.