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Macquarie Sticks to Its Buy Rating for Lynas Rare Earths (LYSCF)

Tipranks - Fri Feb 27, 6:12PM CST

In a report released yesterday, Austin Yun from Macquarie maintained a Buy rating on Lynas Rare Earths , with a price target of A$18.50.

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Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Lynas Rare Earths , and Elevra Lithium. According to TipRanks, Yun has an average return of 38.9% and a 69.05% success rate on recommended stocks.

Currently, the analyst consensus on Lynas Rare Earths is a Moderate Buy with an average price target of A$15.56.

LYSCF market cap is currently A$15.88B and has a P/E ratio of 1,980.23.

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.

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