Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Time to Buy?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.38, but opened at $11.08. Lynas Rare Earths shares last traded at $11.07, with a volume of 167,610 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on LYSDY. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. UBS Group upgraded shares of 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.com, Lynas Rare Earths currently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Performance

The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $9.43.

Lynas Rare Earths Company Profile

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.