Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Receives Average Rating of “Buy” from Brokerages

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) has been given an average recommendation of “Buy” by the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a strong buy rating to the company.

Several research firms have weighed in on LYSDY. Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd.

Lynas Rare Earths Stock Down 1.5%

OTCMKTS LYSDY opened at $12.55 on Wednesday. The stock has a 50-day moving average of $13.27 and a two-hundred day moving average of $12.19. Lynas Rare Earths has a 1-year low of $5.26 and a 1-year high of $16.18.

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.