Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $8.08 and last traded at $8.09, with a volume of 569,678 shares trading hands. The stock had previously closed at $8.46.
Wall Street Analysts Forecast Growth
Separately, Macquarie Infrastructure upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.
Check Out Our Latest Analysis on Lynas Rare Earths
Lynas Rare Earths Trading Down 4.4%
About Lynas Rare Earths
Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.
Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.
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