|Bid||9.07 x 265100|
|Ask||9.09 x 748200|
|Day's range||8.95 - 9.12|
|52-week range||7.28 - 11.59|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||15.13|
|Earnings date||06 Feb 2023 - 10 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.62|
As new rare earth producers aim to chip away at China’s dominance, there are growing suspicions that the CCP may be using cyberattacks against rare earth firms to maintain its influence
Australia's Lynas Rare Earths has signed a $120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas, the firm said on Tuesday. Lynas is the world's largest processor of rare earths outside China, and the contract with its U.S. subsidiary builds on 'Phase 1' funding for a facility announced in July 2020. Lynas intends to combine the heavy rare earth separation plant with a light rare earth separation facility, which is half-funded by the Defense Production Act office of the U.S. Department of Defense.
Lynas Corp. (LYSDY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.