Lynas Rare Earths (OTCMKTS:LYSCF) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.95 and traded as high as $11.45. Lynas Rare Earths shares last traded at $11.3950, with a volume of 53,528 shares changing hands.

Wall Street Analysts Forecast Growth

LYSCF has been the topic of a number of analyst reports. UBS Group set a $17.80 price objective on shares of Lynas Rare Earths and gave the stock a “buy” rating in a research note on Wednesday, November 19th. William Blair initiated coverage on shares of Lynas Rare Earths in a report on Tuesday, January 13th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.80.

Lynas Rare Earths Stock Up 3.7%

The firm’s fifty day moving average is $9.76 and its 200 day moving average is $9.97.

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.