** 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
** Analysts at Macquarie trim Price Target on Aussie rare earths...
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |