Lynas Rare Earths (LYSCF) Receives a Buy from Macquarie
Macquarie analyst Austin Yun maintained a Buy rating on Lynas Rare Earths today and set a price target of A$17.00.
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According to TipRanks, Yun is a 4-star analyst with an average return of 21.6% and a 63.89% success rate. Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Lynas Rare Earths , and Elevra Lithium.
In addition to Macquarie, Lynas Rare Earths also received a Buy from Canaccord Genuity’s Reg Spencer in a report issued on November 25. 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 9.11M.
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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