Lynas Rare Earths Limited (LYC.AX)
| Previous Close | 6.46 |
| Open | 6.46 |
| Bid | 7.04 x 265100 |
| Ask | 6.40 x 748200 |
| Day's Range | 6.39 - 6.48 |
| 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 | Feb 25, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 7.47 |
ReutersAustralian rare earths miner Lynas' revenue slumps on falling prices
Prices of rare earths were fairly weak during the third quarter, as increased production in China and slower-than-expected demand growth recovery remained a drag. "Market prices have started to increase in April," the world's largest producer of rare earths outside of China said. The firm's quarterly sales revenue fell to A$101.2 million ($65.64 million) in the three months to March 31, compared with A$242.8 million a year earlier.
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.
