Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – What’s Next?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped down prior to trading on Friday . The stock had previously closed at $9.99, but opened at $9.5250. Lynas Rare Earths shares last traded at $9.52, with a volume of 51,468 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYSDY. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Lynas Rare Earths Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. The firm’s 50-day simple moving average is $10.96 and its 200-day simple moving average is $8.47.

About Lynas Rare Earths

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.