Fintel reports that on August 29, 2023, MACQUARIE RESEARCH maintained coverage of Lynas Rare Earths (ASX:LYC) with a Outperform recommendation.
Analyst Price Forecast Suggests 27.17% Upside
As of August 31, 2023, the average one-year price target for Lynas Rare Earths is 9.30. The forecasts range from a low of 6.56 to a high of $12.60. The average price target represents an increase of 27.17% from its latest reported closing price of 7.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lynas Rare Earths is 992MM, an increase of 34.25%. The projected annual non-GAAP EPS is 0.48.
What is the Fund Sentiment?
There are 91 funds or institutions reporting positions in Lynas Rare Earths. This is a decrease of 34 owner(s) or 27.20% in the last quarter. Average portfolio weight of all funds dedicated to LYC is 0.29%, a decrease of 8.79%. Total shares owned by institutions decreased in the last three months by 41.30% to 64,739K shares.
What are Other Shareholders Doing?
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 11,878K shares representing 1.27% ownership of the company. In it's prior filing, the firm reported owning 11,886K shares, representing a decrease of 0.07%. The firm decreased its portfolio allocation in LYC by 35.80% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 7,390K shares representing 0.79% ownership of the company. In it's prior filing, the firm reported owning 6,898K shares, representing an increase of 6.65%. The firm increased its portfolio allocation in LYC by 10.74% over the last quarter.
REMX - VanEck Vectors Rare Earth holds 6,946K shares representing 0.74% ownership of the company. In it's prior filing, the firm reported owning 7,871K shares, representing a decrease of 13.32%. The firm decreased its portfolio allocation in LYC by 0.38% over the last quarter.
FEMKX - Fidelity Emerging Markets Fund holds 5,885K shares representing 0.63% ownership of the company. In it's prior filing, the firm reported owning 10,010K shares, representing a decrease of 70.09%. The firm decreased its portfolio allocation in LYC by 62.94% over the last quarter.
IEFA - iShares Core MSCI EAFE ETF holds 4,845K shares representing 0.52% ownership of the company. In it's prior filing, the firm reported owning 4,831K shares, representing an increase of 0.29%. The firm decreased its portfolio allocation in LYC by 37.14% over the last quarter.
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