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

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s stock price passed 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

Several brokerages have issued reports on LYSCF. UBS Group set a $17.80 target price on shares of Lynas Rare Earths and gave the company a “buy” rating in a research note on Wednesday, November 19th. William Blair initiated coverage on Lynas Rare Earths in a report on Tuesday, January 13th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Lynas Rare Earths has an average rating of “Buy” and an average target price of $17.80.

Lynas Rare Earths Trading Down 6.5%

The stock’s 50-day moving average is $9.60 and its 200 day moving average is $9.78.

About Lynas Rare Earths

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.