LYC 0.90% $7.82 lynas rare earths limited

Stock price, page-116

  1. mle
    201 Posts.
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    ** Analysts at Macquarie trim Price Target on Aussie rare earths producer Lynas LYC.AX by 1% to A$7.40/share

    ** Brokerage sees headwinds for prices of rare earths in the near term

    ** Says headwinds reflect additional supply of the minerals from China

    ** Lowers EPS estimates on Lynas by 3% for FY24

    ** Forecast REO (Rare Earth Oxides) production for Dec quarter to drop ~40% QoQ reflecting the planned processing plant shut in Malaysia

    ** 11 of 12 analysts rate the stock "buy" or higher and one "hold"; their median PT is A$8.80 – LSEG data

    ** Stock has fallen 10.8% this year, as of last close


 
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