Ord Minnett analyst Matthew Hope maintained a Sell rating on Lynas Rare Earths today and set a price target of A$10.00. The company’s shares closed last Friday at $14.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Hope is a 5-star analyst with an average return of 41.6% and a 77.17% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , Meteoric Resources NL, and Brazilian Rare Earths Ltd..
In addition to Ord Minnett, Lynas Rare Earths also received a Sell from J.P. Morgan’s Al Harvey in a report issued on October 2. However, today, Morgan Stanley maintained a Hold rating on Lynas Rare Earths (Other OTC: LYSCF).
The company has a one-year high of $14.34 and a one-year low of $3.75. Currently, Lynas Rare Earths has an average volume of 114.9K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LYSCF in relation to earlier this year.
Read More on LYSCF:
Disclaimer & DisclosureReport an Issue
- China releases new restriction on rare-earth materials, WSJ reports
- China puts new limits on rare earths, Bloomberg reports
- Lynas and Noveon Partner to Strengthen U.S. Rare Earth Magnet Supply Chain
- Lynas Rare Earths Director Increases Shareholding
- Lynas Rare Earths Expands Market Presence with New Securities Quotation
/Cisco%20Systems%2C%20Inc_%20HQ-by%20Sundry%20Photography%20via%20iStock.jpg)
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)