Macquarie upgrades Lynas Rare Earths (LYSCF) to a Buy
In a report released today, Austin Yun from Macquarie upgraded Lynas Rare Earths to a Buy, with a price target of A$17.00.
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According to TipRanks, Yun is a 2-star analyst with an average return of 1.1% and a 55.88% success rate. Yun covers the Basic Materials sector, focusing on stocks such as Elevra Lithium, Pilbara Minerals , and Lynas Rare Earths .
In addition to Macquarie, Lynas Rare Earths also received a Buy from Canaccord Genuity’s Reg Spencer in a report issued on November 7. However, on November 6, TR | OpenAI – 4o reiterated a Hold rating on Lynas Rare Earths (Other OTC: LYSCF).
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 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.
Read More on LYSCF:
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