Well the market is pricing in that lynas will make at least 300-500M profit by next year. Also commodities are currently the only thing going up in the recession.... so.... not much to say here. Saying lynas is a high p/e stock after those earnings is kinda misleading. The market predicted the current situation correctly, hence, the share price. When the recession ends and hype kicks in we may see a much higher SP. Some big tech stocks are already down 50-70%. Not much more room to fall.
i am optimistic lynas can continue those profits or increase them by 50% within a year or two. all they need is 100% rate and some higher ree prices. Not calculating with additional revenue streams from Expansions
Well the market is pricing in that lynas will make at least...
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Last
$6.56 |
Change
0.050(0.77%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16304 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 2708 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |