A copy from mymarketview.com.au
LYNAS CORP (LYC)
Goldman Sachs has maintained its "buy" rating on Lynas Corp and 12-month target price of $1.50 a share after the rare earths producer gained a temporary operating licence for its processing facility in Malaysia.
"It appears as though the last significant hurdle may now be removed for Lynas, following the legal appeals and additional conditions which have plagued the granting of this license over the last [six] months or so," the broker said.
"Clearly any commissioning risk still remains, but we do highlight the work done with Lynas's technology partner Rodia to undertake full-scale testwork of the processing route which should, in our view, mitigate some risk associated with ramp-up of this facility."
However, Goldman Sachs noted the market might continue to take a cautious approach until the plant is fully functioning to make sure no impediments arise.
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Last
$7.75 |
Change
0.000(0.00%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.81 | $7.88 | $7.66 | $13.33M | 1.713M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 17351 | $7.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.75 | 85285 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 16962 | 7.740 |
2 | 28577 | 7.730 |
2 | 16971 | 7.720 |
2 | 13670 | 7.710 |
1 | 5000 | 7.700 |
Price($) | Vol. | No. |
---|---|---|
7.750 | 85285 | 1 |
7.810 | 1606 | 1 |
7.820 | 11517 | 3 |
7.830 | 8667 | 1 |
7.840 | 15994 | 5 |
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