Lynas Rare Earths (OTCMKTS:LYSCF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.41 and traded as high as $10.44. Lynas Rare Earths shares last traded at $10.34, with a volume of 170,601 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LYSCF shares. UBS Group set a $17.80 target price on shares of Lynas Rare Earths and gave the stock a “buy” rating in a research report on Wednesday, November 19th. William Blair began coverage on shares of Lynas Rare Earths in a report on Tuesday, January 13th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lynas Rare Earths presently has an average rating of “Buy” and an average target price of $17.80.

Lynas Rare Earths Trading Down 5.1%

The company’s 50-day moving average is $9.27 and its 200-day moving average is $9.41.

Lynas Rare Earths Company Profile

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.