Company Information


Lynas Rare Earths Limited (ASX: LYC)

Lynas Rare Earths Limited is a company based in Malaysia that focuses on extracting and processing rare earth minerals. The operations span Australia and Malaysia, where it develops rare earth deposits. Its key assets are the Mt Weld mine in Western Australia, the Lynas Malaysia processing facility in the Gebeng Industrial Estate, the Kalgoorlie processing facility in Western Australia, and Lynas USA. With its subsidiaries, including Lynas Malaysia Sdn Bhd and others across different regions, the company plays a significant role in the rare earth sector.

Financially, Lynas Rare Earths Limited has reported a revenue of 604.08 million AUD and a net income of 200.13 million AUD over the trailing twelve months (TTM). Since its incorporation in 1983, the company has grown to employ around 1,100 people.

However, in the year-on-year comparison, the company experienced a significant reduction in revenue, falling by 19.64% from 920.01 million AUD to 739.28 million AUD, with a notable drop in net income from 540.82 million AUD to 310.67 million AUD, marking a 42.56% decrease. This decline was influenced by a decrease in revenue and an increase in the cost of goods sold.


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Though there was a rumor about an acquisition of MP Materials Corp, it was discounted on February 2, 2024. The company continues to operate independently, sharing financial information and other updates through its website and corporate communications.


Lynas Rare Earths Limited (ASX: LYC) Live Chart


Lynas Rare Earths Limited (ASX: LYC) Forecast

Eight Wall Street analysts have provided twelve-month price targets for Lynas Rare Earths Limited, with an average target set at AU$6.29. The forecasts vary, with the highest price target at AU$7.50 and the lowest at AU$5.00. These predictions indicate an average decrease of 7.90% from the recent trading price of AU$6.83.


Lynas Rare Earths Limited (ASX: LYC) Performance


Lynas Rare Earths Limited (ASX: LYC) Fundamentals


Lynas Rare Earths Limited (ASX: LYC) Competitors


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