Lynas Rare Earths (LYSCF) Gets a Buy from Jefferies

In a report released on April 10, Mitch Ryan from Jefferies maintained a Buy rating on Lynas Rare Earths , with a price target of A$25.50. The company’s shares closed last Friday at A$21.77.

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Ryan covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , IGO, and Sandfire Resources Limited. According to TipRanks, Ryan has an average return of 9.2% and a 60.50% success rate on recommended stocks.

Lynas Rare Earths has an analyst consensus of Moderate Buy, with a price target consensus of A$19.73, implying a -9.39% downside from current levels. In a report released on April 3, J.P. Morgan also maintained a Buy rating on the stock with a A$22.00 price target.

Based on Lynas Rare Earths ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$413.69 million and a net profit of A$80.21 million. In comparison, last year the company earned a revenue of A$254.31 million and had a net profit of A$5.85 million