Canaccord Genuity Sticks to Its Buy Rating for Lynas Rare Earths (LYSCF)
Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Lynas Rare Earths yesterday and set a price target of A$15.55. The company’s shares closed yesterday at A$15.02.
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According to TipRanks, Spencer is a 5-star analyst with an average return of 14.2% and a 53.14% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Lynas Rare Earths , and Perseus Mining .
In addition to Canaccord Genuity, Lynas Rare Earths also received a Buy from Macquarie’s Austin Yun in a report issued yesterday. However, on the same day, Ord Minnett maintained a Sell rating on Lynas Rare Earths (Other OTC: LYSCF).
The company has a one-year high of A$21.96 and a one-year low of A$6.16. Currently, Lynas Rare Earths has an average volume of 9.26M.
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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- Lynas Rare Earths Outlines Strategic Vision at Annual General Meeting
- Lynas Rare Earths Concludes Growth Strategy and Launches New Ambitious Plans
- Lynas Faces Production Challenges Due to Power Disruptions
- The West deals with scarcity issues of heavy rare earth elements, Reuters says
- Lynas Rare Earths upgraded to Buy from Neutral at UBS
