Lynas Rare Earths (LYSDY) Expected to Announce Quarterly Earnings on Wednesday

Lynas Rare Earths (OTCMKTS:LYSDY) is anticipated to release its results before the market opens on Wednesday, August 26th. Analysts expect Lynas Rare Earths to announce earnings of $0.1154 per share and revenue of $448.0010 million for the quarter.

Lynas Rare Earths Stock Performance

Shares of Lynas Rare Earths stock opened at $12.00 on Monday. Lynas Rare Earths has a one year low of $8.08 and a one year high of $16.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.94 and a current ratio of 9.25. The stock’s 50-day moving average is $11.58 and its 200 day moving average is $12.62.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.