Lynas Rare Earths (OTCMKTS:LYSCF) Stock Passes Above 200-Day Moving Average – Time to Sell?

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.64 and traded as high as $14.8899. Lynas Rare Earths shares last traded at $14.3125, with a volume of 25,473 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LYSCF. William Blair initiated coverage on Lynas Rare Earths in a research note on Tuesday, January 13th. They issued an “outperform” rating for the company. 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lynas Rare Earths currently has a consensus rating of “Buy” and an average target price of $17.80.

Lynas Rare Earths Trading Up 0.1%

The stock has a fifty day moving average of $11.71 and a 200-day moving average of $10.64.

About Lynas Rare Earths

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.