Lynas Rare Earths (OTCMKTS:LYSDY) Rating Increased to Strong-Buy at The Goldman Sachs Group

Lynas Rare Earths (OTCMKTS:LYSDY) was upgraded by stock analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Canaccord Genuity Group cut shares of Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Lynas Rare Earths Trading Up 2.8%

LYSDY stock opened at $10.07 on Tuesday. Lynas Rare Earths has a 1-year low of $3.79 and a 1-year high of $16.18. The stock’s fifty day simple moving average is $10.94 and its two-hundred day simple moving average is $8.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

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 interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.