Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Time to Buy?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.18, but opened at $10.12. Lynas Rare Earths shares last traded at $10.2050, with a volume of 114,556 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Lynas Rare Earths has a consensus rating of “Buy”.

Lynas Rare Earths Trading Up 12.0%

The business has a 50-day moving average price of $9.06 and a 200-day moving average price of $9.11. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.