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Lynas Rare Earths (LYSCF) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Fri Jul 24, 7:50AM CDT

In a report released today, Jonathan Sharp from J.P. Morgan maintained a Buy rating on Lynas Rare Earths , with a price target of A$18.50.

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According to TipRanks, Sharp is a 4-star analyst with an average return of 24.0% and a 36.59% success rate. Sharp covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Capricorn Metals Ltd, and Regis Resources Limited.

In addition to J.P. Morgan, Lynas Rare Earths also received a Buy from UBS’s Dim Ariyasinghe in a report issued today. However, yesterday, Citi maintained a Sell rating on Lynas Rare Earths (Other OTC: LYSCF).

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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

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