Date of Data Capture: 14/09/2020
Name: LYNAS CORPORATION LIMITED (LYC)
Classification: Rare Earth Minerals & Mining
Current Price: $2.38
Market Capitalisation: $2.15 B
Forecast EBITDA Growth: 204.86%
Yield Estimate: 0%
Consensus Price Target: $3.23
# Covering Analysts: 5
Discount at Current Price: -35.71%
Price Target Trend (3-Month): Flat-Down -1.82%
Signal Timeframe: Quarterly-Monthly-Daily
Trend Bias: Up-Flat / Long-Medium
Focus: Capital Growth
Set up Notes:
• Lynas is one of the few rare earths producers operating outside of China, and with Sino/US tensions ongoing, this could be an excellent entry in LYC as it rallies on a strong outlook.
• Performance has been mixed over the last few years, but looks good for a recovery here with excellent analyst sentiment, large discount to price targets, and strong forecasting to 2023.
• Pricing broke major linear resistance in July, before being forced to retreat under the $2.50 resistance ceiling in August, but looks to be setting up a new potential longer-term rally here.
Support ($): 2.25, 2.00, 1.75 & 1.50.
Resistance ($): 2.50, 2.75, 3.00, 4.00 & 5.00.