LYC 1.16% $6.98 lynas rare earths limited

Good article I agree with all of it. All mining companies are...

  1. 7,287 Posts.
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    Good article I agree with all of it. All mining companies are not created equal so lets look at Lynas and compare it to a few I am invested in. Take a look at the multiples that Lynas has verses the Minning stocks. Also, note that Lynas has gone down while all 3 mining stocks are going up. We will go into a correction soon. Remember that the majority of stocks go down but some go up in a correction. My definition of a correction is that a stock's 3 key functions will move toward long term market averages. Lynas all 3 are very high so down the price will go. Minning has been out of favor a long time so because its 3 key functions are low, up they will go. Here is a chart as simple as I could make it. Look at multiples and how much SP has changed for all 4 companies.
    LynasBHPFCXRIO
    1SP Jan 311.060.3442.0166.23
    2SP Feb 16th9.368.6443.8478.25
    3Gain YTD-15.9%13.8%4.4%18.1%
    4Earnings / share to share price multiple51.015.3915.116.79
    5Revenue / share to Share price multiple16.02.92.852.17
    6Book to market cap ratio7.83.44.62.4


    Here are many charts for last 90 years with major recessions included in them. Some study will show you what long term averages are and what to expect out of individual stocks over the next 12 months.

    https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart
 
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Last
$6.98
Change
0.080(1.16%)
Mkt cap ! $6.514B
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$6.91 $7.00 $6.90 $22.63M 3.252M

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Price($) Vol. No.
$6.29 3719 2
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Last trade - 15.59pm 16/05/2024 (20 minute delay) ?
Last
$6.97
  Change
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Open High Low Volume
$6.93 $7.00 $6.90 618281
Last updated 15.59pm 16/05/2024 ?
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