J?P?Morgan has maintained an “overweight” listing on rare earths miner Lynas Corp with a 12-month price target of 65¢.
“Notwithstanding the risks around cash flow in the near term, our fundamental view on rare earths prices is unchanged,” the bank said.
“We see structural shortages of certain elements which will likely drive prices higher over the medium term.”
It said recent news from China had provided reasons for optimism with Baotou acquiring nine companies in recent weeks.
- Forums
- ASX - By Stock
- LYC
- overweight call
overweight call
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.74 |
Change
0.020(0.26%) |
Mkt cap ! $7.206B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $8.551M | 1.111M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 697 | $8.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.21 | 1953 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 697 | 8.510 |
1 | 5650 | 8.280 |
8 | 7991 | 8.130 |
18 | 84100 | 8.120 |
1 | 1009 | 8.030 |
Price($) | Vol. | No. |
---|---|---|
7.210 | 1953 | 1 |
7.350 | 143141 | 11 |
7.360 | 10631 | 8 |
7.370 | 970 | 1 |
7.410 | 851 | 1 |
Last trade - 15.59pm 11/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |