Lynas Rare Earths (OTCMKTS:LYSDY) Upgraded to Strong-Buy at Macquarie Infrastructure

Macquarie Infrastructure upgraded shares of Lynas Rare Earths (OTCMKTS:LYSDY) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, Jefferies Financial Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Lynas Rare Earths Trading Down 3.0%

Lynas Rare Earths stock opened at $12.86 on Tuesday. The company has a 50 day moving average of $13.50 and a 200-day moving average of $12.06. Lynas Rare Earths has a twelve month low of $5.26 and a twelve month 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.