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Jefferies Sticks to Its Hold Rating for Lynas Rare Earths (LYSCF)

Tipranks - Tipranks - Tue Feb 17, 6:58AM CST

In a report released on February 13, Mitch Ryan from Jefferies maintained a Hold rating on Lynas Rare Earths , with a price target of A$15.00. The company’s shares closed last Friday at A$15.97.

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Ryan covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, IGO, and Fortescue Metals Group Ltd. According to TipRanks, Ryan has an average return of 9.0% and a 62.04% success rate on recommended stocks.

In addition to Jefferies, Lynas Rare Earths also received a Hold from TipRanks – Google’s Google Industrial Materials in a report issued on January 29. However, on February 13, Ord Minnett maintained a Sell rating on Lynas Rare Earths (Other OTC: LYSCF).

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LYSCF market cap is currently A$16.07B and has a P/E ratio of 1,856.98.

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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