Lynas Rare Earths (OTCMKTS:LYSCF) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.78 and traded as high as $10.60. Lynas Rare Earths shares last traded at $10.0750, with a volume of 130,596 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LYSCF shares. UBS Group set a $17.80 price target on shares of Lynas Rare Earths and gave the company a “buy” rating in a report on Wednesday, November 19th. William Blair started coverage on Lynas Rare Earths in a research report on Tuesday, January 13th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $17.80.

Lynas Rare Earths Trading Up 4.2%

The company has a fifty day moving average price of $9.62 and a two-hundred day moving average price of $9.81.

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.