Ord Minnett Sticks to Their Sell Rating for Lynas Rare Earths (LYSCF)
In a report released today, Matthew Hope from Ord Minnett maintained a Sell rating on Lynas Rare Earths , with a price target of A$10.50.
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According to TipRanks, Hope is a 5-star analyst with an average return of 35.5% and a 72.73% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Metals X Limited, Viridis Mining and Minerals Limited, and Lynas Rare Earths .
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lynas Rare Earths with a A$14.98 average price target.
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 9.55M.
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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- Lynas Rare Earths initiated with an Outperform at William Blair
- Lynas CEO Amanda Lacaze to Retire After 12 Years as Board Begins Search for Successor
- Lynas Rare Earths Sets Date for December-Quarter Results and Investor Briefing
- Lynas Rare Earths Announces Director’s Share Sale to Meet Tax Liabilities
- Chinese rare-earth companies devise ways to dodge export restrictions, WSJ says
