Lynas Rare Earths (OTCMKTS:LYSDY) Upgraded by Macquarie Infrastructure to Strong-Buy Rating

Lynas Rare Earths (OTCMKTS:LYSDY) was upgraded by equities researchers at Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

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. Four equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Lynas Rare Earths presently has an average rating of “Buy”.

Lynas Rare Earths Stock Performance

OTCMKTS LYSDY opened at $12.86 on Tuesday. Lynas Rare Earths has a 1-year low of $5.26 and a 1-year high of $16.18. The stock’s 50 day simple moving average is $13.50 and its 200-day simple moving average is $12.06.

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.