** Analysts at TD Cowen lower price target on Australian rare earths miner Lynas LYC.AX to A$6.50 from A$9
** Downgrades stock rating to "market perform" from "outperform"
** Brokerage says co is currently dealing with inefficiences around commissioning of the cracking and leaching facilities at Kalgoorlie mine in Australia
** Sees co to outspend cash flow in 2024 by around A$430 million ($283.59 million)
** Expects co to observe a waiting game for macro around rare-earths market to improve while balancing visible cash burn
** 10 of 12 analysts rate the stock "buy" or higher and two "hold"; their median PT is A$7.6 – LSEG data
** Stock fell 8.8% in 2023
** Analysts at TD Cowen lower price target on Australian rare...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
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) ? |
|
|||||
|
Last
$6.55 |
Change
0.090 ( 1.39 %) |
||||
| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |