Lynas Rare Earths (OTCMKTS:LYSCF) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.44 and traded as high as $13.73. Lynas Rare Earths shares last traded at $13.3180, with a volume of 42,805 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group set a $17.80 price objective 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 research report on Tuesday, January 13th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Lynas Rare Earths currently has an average rating of “Buy” and a consensus target price of $17.80.

Lynas Rare Earths Price Performance

The firm has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $10.44.

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.