Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Still a Buy?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up prior to trading on Monday . The stock had previously closed at $12.76, but opened at $13.82. Lynas Rare Earths shares last traded at $13.55, with a volume of 60,561 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LYSDY shares. Jefferies Financial Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. TD Securities upgraded shares of Lynas Rare Earths to a “hold” rating in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lynas Rare Earths currently has an average rating of “Buy”.

Lynas Rare Earths Price Performance

The firm’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $11.44.

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.