Lynas Rare Earths (OTCMKTS:LYSCF) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.95 and traded as high as $11.45. Lynas Rare Earths shares last traded at $11.3950, with a volume of 53,528 shares changing hands.

Analyst Upgrades and Downgrades

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

Lynas Rare Earths Price Performance

The firm has a 50-day moving average of $9.76 and a 200-day moving average of $9.95.

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.