Lynas Rare Earths Limited (ASX: LYC)

Australia flag Australia · Delayed Price · Currency is AUD
6.97
-0.01 (-0.14%)
May 17, 2024, 4:10 PM AEST
-6.32%
Market Cap 6.51B
Revenue (ttm) 604.08M
Net Income (ttm) 200.13M
Shares Out 934.05M
EPS (ttm) 0.21
PE Ratio 31.68
Forward PE 38.46
Dividend n/a
Ex-Dividend Date n/a
Volume 3,438,047
Open 6.97
Previous Close 6.98
Day's Range 6.93 - 7.02
52-Week Range 5.49 - 7.91
Beta 0.73
Analysts n/a
Price Target 7.37 (+5.74%)
Earnings Date Feb 25, 2024

About Lynas Rare Earths

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds an interest in the Mount Weld project, Western Australia; and the Kalgoorlie project. Its products include yttrium, lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. The company also develops and operates advanced material processing and... [Read more]

Sector Materials
CEO Amanda M. Lacaze ATCL, B.A., M.A.I.C.D.
Country Australia
Stock Exchange Australian Securities Exchange
Ticker Symbol LYC
Full Company Profile

Financial Performance

In 2023, LYC's revenue was 739.28 million, a decrease of -19.64% compared to the previous year's 920.01 million. Earnings were 310.67 million, a decrease of -42.56%.

Financial Statements

News

Lynas boss leaves door ajar for rare earths mega-merger

Lynas boss Amanda Lacaze says there may be a time when big rare earths makes sense and confirms she is a great admirer of Gina Rinehart and her commitment to mining.

25 days ago - The Australian Financial Review

Gina Rinehart: The Wealthiest Individual in Australia Expands Stake in Lynas Rare Earths, Embracing Energy Transition Opportunities

Renowned iron ore billionaire Gina Rinehart has expanded her investment portfolio by amassing a near-6% stake in Lynas Rare Earths Ltd., signaling her strategic focus on critical mineral producers cru...

4 weeks ago - CEOWORLD magazine

Rinehart’s presence stokes rethink of foiled $10b Lynas-MP merger

Australian richest woman, Gina Rinehart, has emerged as a potential kingmaker in any rare earths mega-merger involving Lynas.

4 weeks ago - The Australian Financial Review

Australia's Richest Person Increases Stake in Lynas Rare Earths

Australia’s richest person increased her stake in Lynas Rare Earths, prompting the miner’s shares to jump more than 5%.

4 weeks ago - The Wall Street Journal

Billionaire Gina Rinehart Buys Stake in Lynas Rare Earths

Gina Rinehart has amassed a near-6% stake in Lynas Rare Earths Ltd., adding to the iron ore billionaire’s portfolio of stakes in critical mineral producers vital to the energy transition and lifting s...

4 weeks ago - Financial Post

Rinehart snares big stake in Lynas Rare Earths

The share raid has fuelled speculation that Australia’s richest person may emerge as a kingmaker in any rare earths mega-merger.

4 weeks ago - The Australian Financial Review

Gina Rinehart emerges as big investor in California rare earths giant

Disclosures by MP Minerals show the billionaire’s Hancock Prospecting owns some 5 per cent of the company, which had discussed merging with Lynas Rare Earths.

5 weeks ago - The Australian Financial Review

Lynas leaves door open for rare earths deals

Lynas Rare Earths boss Amanda Lacaze sheds light on why she pursued a mega-merger with a New York-listed rival.

2 months ago - The Australian Financial Review

Lynas reports 1H results

2 months ago - Seeking Alpha

5E Advanced Materials Voices Support For Adding Boron To Critical Mineral List; Lynas Rare Earths Ends Discussions With MP Materials; Warrior Met Coal Publishes 2023 Sustainability Report

Top Stories for Feb. 6, 2024: 1. 5E Advanced Materials, Inc. (NASDAQ: FEAM) expressed its support for U.S. Congress to include boron in the U.S. Geologic Survey's 2025 Critical Mineral List. 5E Advan...

3 months ago - Benzinga

MP Materials, Lynas Rare Earths Merger Falls Through

Australia’s Lynas Rare Earths Ltd (OTCPK: LYSCF) officially terminated confidential discussions with U.S.-based MP Materials Corp (NYSE: MP), ending speculation about creating a rare earths leader. T...

3 months ago - Benzinga

Lynas founder backs mooted rare earths mega-merger with MP Materials

Nick Curtis, now executive chairman of Northern Minerals, says he explored the possibility of a deal creating critical minerals major more than a decade ago.

3 months ago - The Australian Financial Review

Lynas confirms rare earths mega-merger discussions with MP Materials

But the miner said the talks with the Las Vegas-based group, which would have brought together the world’s two largest non-China producers, were “not ongoing”.

3 months ago - The Australian Financial Review

Lynas linked to rare earths mega-merger as price falls bite

Weakness in the sector, and new Chinese trade restrictions, have bolstered the case for merging between the ASX-listed group and MP Materials.

3 months ago - The Australian Financial Review

Lynas Rare Earths Limited (LYSCF) Q2 2024 Earnings Call Transcript

Lynas Rare Earths Limited (OTCPK:LYSCF) Q2 2024 Results Conference Call January 21, 2024 6:00 PM ETCompany ParticipantsJennifer Parker - VP Corporate...

4 months ago - Seeking Alpha

Lynas Rare Earths Q2 revenue cut in half on falling prices, weak China demand

Lynas Rare Earths reports sharp decline in revenues and production, due to temporary plant shutdown as well as weak demand in China.

4 months ago - Seeking Alpha

Lynas Rare Earths: Leading Pure Play Rare Earths Company With Growth

Lynas Rare Earths is a key player in the non-Chinese rare earth market, with plans to double production. Click here to read about our Buy rating for LYSDY.

4 months ago - Seeking Alpha

REMX: Too Much Lithium In The Mix

Individual stocks like Lynas Rare Earths and MP Materials may be better alternatives for investors interested in the rare earths theme. Read more here.

5 months ago - Seeking Alpha

LYSDY vs. WPM: Which Stock Is the Better Value Option?

Investors with an interest in Mining - Miscellaneous stocks have likely encountered both Lynas Corp. (LYSDY) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks presents investors w...

6 months ago - Zacks Investment Research