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
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive-Neutral
Long-term:
Positive
Recommendation:
Buy
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 $2.50 resistance ceiling in August, but looks to be setting up a new potential longer-term rally here.
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Support ($): 2.25, 2.00, 1.75 & 1.50.
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Resistance ($): 2.50, 2.75, 3.00, 4.00 & 5.00.
