Lynas Rare Earths Limited (LYC.AX)
| Previous close | 6.40 |
| Open | 6.44 |
| Bid | 6.40 x 265100 |
| Ask | 6.41 x 748200 |
| Day's range | 6.25 - 6.45 |
| 52-week range | 5.49 - 7.91 |
| Volume | |
| Avg. volume | 4,097,221 |
| Market cap | 6.038B |
| Beta (5Y monthly) | 0.76 |
| PE ratio (TTM) | 29.09 |
| EPS (TTM) | 0.22 |
| Earnings date | 25 Feb 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 7.47 |
ReutersLynas Rare Earths' revenue slumps, misses expectations
MELBOURNE (Reuters) -Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia. Prices of rare earths were fairly weak during the third quarter, as increased production in China, the top producer, and slower-than-expected demand growth recovery remained a drag. "The market continues to be less than kind to us and to anybody else in rare earths sector," CEO Amanda Lacaze told analysts on a quarterly call, noting a "slight improvement in price, but not at a significantly accelerated rate."
BloombergBillionaire Gina Rinehart Builds Stake in Lynas Rare Earths
(Bloomberg) -- 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 shares in the Australian producer.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of In
ReutersAustralia's Rinehart takes stake in Lynas Rare Earths, shares jump
MELBOURNE (Reuters) -Australia's richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken by Rinehart's privately held Hancock Prospecting, is fuelling speculation of sector consolidation, after the magnate acted as a kingmaker in Australian lithium, and following merger talks between Lynas and the next biggest Western rare earths miner, MP Materials, earlier this year.
