Lynas Rare Earths (OTCMKTS:LYSCF) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.35 and traded as high as $13.44. Lynas Rare Earths shares last traded at $13.04, with a volume of 52,382 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LYSCF shares. William Blair started coverage on shares of Lynas Rare Earths in a research report on Tuesday, January 13th. They issued an “outperform” rating for the company. Jefferies Financial Group set a $24.00 price target on shares of Lynas Rare Earths in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $20.90.

Lynas Rare Earths Stock Performance

The business’s 50 day moving average is $13.47 and its 200 day moving average is $11.35.

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.