Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Still a Buy?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.50, but opened at $13.27. Lynas Rare Earths shares last traded at $13.2950, with a volume of 38,030 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Lynas Rare Earths presently has a consensus rating of “Buy”.

Lynas Rare Earths Price Performance

The firm’s fifty day simple moving average is $13.60 and its 200 day simple moving average is $12.01.

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.