Lynas Rare Earths (LYSCF) Receives a Rating Update from a Top Analyst

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 yesterday at $10.31.

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According to TipRanks, Hope is a top 100 analyst with an average return of 46.6% and a 73.85% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Brazilian Rare Earths Ltd., Iluka Resources Limited, and Meteoric Resources NL.

Lynas Rare Earths has an analyst consensus of Moderate Sell, with a price target consensus of $9.53.

Based on Lynas Rare Earths ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $302.2 million and a net profit of $2.14 million. In comparison, last year the company earned a revenue of $228.51 million and had a net profit of $44.98 million

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.