Jefferies Reaffirms Their Hold Rating on Lynas Rare Earths (LYSCF)
In a report released today, Mitch Ryan from Jefferies maintained a Hold rating on Lynas Rare Earths , with a price target of A$14.50.
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Ryan covers the Basic Materials sector, focusing on stocks such as South32, Pilbara Minerals , and Lynas Rare Earths . According to TipRanks, Ryan has an average return of 9.3% and a 62.38% success rate on recommended stocks.
Lynas Rare Earths has an analyst consensus of Hold, with a price target consensus of A$15.05.
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 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYSCF in relation to earlier this year.
Read More on LYSCF:
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