Lynas Rare Earths (OTCMKTS:LYSDY) Upgraded by The Goldman Sachs Group to Strong-Buy Rating

The Goldman Sachs Group upgraded shares of Lynas Rare Earths (OTCMKTS:LYSDY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Canaccord Genuity Group downgraded Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lynas Rare Earths currently has a consensus rating of “Buy”.

Lynas Rare Earths Trading Up 3.1%

Shares of OTCMKTS LYSDY traded up $0.31 during mid-day trading on Tuesday, hitting $10.38. 120,885 shares of the stock were exchanged, compared to its average volume of 365,085. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. Lynas Rare Earths has a twelve month low of $3.79 and a twelve month high of $16.18. The stock’s fifty day simple moving average is $10.94 and its two-hundred day simple moving average is $8.24.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.