Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) shares gapped up prior to trading on Monday . The stock had previously closed at $12.76, but opened at $13.82. Lynas Rare Earths shares last traded at $13.55, with a volume of 60,561 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. TD Securities raised Lynas Rare Earths to a “hold” rating in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Lynas Rare Earths has a consensus rating of “Buy”.

Lynas Rare Earths Trading Up 3.9%

The business has a 50-day moving average price of $13.96 and a 200-day moving average price of $11.40.

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.