Ord Minnett Reaffirms Their Sell Rating on Lynas Rare Earths (LYSCF)
In a report released today, Matthew Hope from Ord Minnett maintained a Sell rating on Lynas Rare Earths , with a price target of A$11.00.
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According to TipRanks, Hope is a 5-star analyst with an average return of 34.8% and a 69.68% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Metals X Limited, Brazilian Rare Earths Ltd., and Lynas Rare Earths .
Currently, the analyst consensus on Lynas Rare Earths is a Moderate Buy with an average price target of A$15.57.
Based on Lynas Rare Earths ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$302.2 million and a net profit of A$2.14 million. In comparison, last year the company earned a revenue of A$228.51 million and had a net profit of A$44.98 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYSCF in relation to earlier this year.
Read More on LYSCF:
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- Lynas Grows Revenue on Strong Rare Earth Pricing Despite Production Hit and CEO Transition
- Lynas Rare Earths initiated with an Outperform at William Blair
- Lynas CEO Amanda Lacaze to Retire After 12 Years as Board Begins Search for Successor
- Lynas Rare Earths Sets Date for December-Quarter Results and Investor Briefing
