Lynas Rare Earths (OTCMKTS:LYSDY) Stock Price Down 5.9% – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price traded down 5.9% during mid-day trading on Friday . The company traded as low as $9.54 and last traded at $9.65. 183,155 shares were traded during trading, a decline of 67% from the average session volume of 547,170 shares. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

LYSDY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. UBS Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Two research 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, the company presently has a consensus rating of “Buy”.

Lynas Rare Earths Price Performance

The stock’s 50-day moving average price is $9.06 and its 200 day moving average price is $9.12. 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.