Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Given Consensus Rating of “Buy” by Brokerages

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company.

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd.

Lynas Rare Earths Trading Up 1.6%

OTCMKTS:LYSDY opened at $11.13 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.25 and a quick ratio of 7.94. Lynas Rare Earths has a 1 year low of $6.43 and a 1 year high of $16.18. The business has a fifty day moving average of $12.72 and a 200-day moving average of $12.47.

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.