Lynas Rare Earths (OTCMKTS:LYSCF) Coverage Initiated at Citigroup

Equities research analysts at Citigroup assumed coverage on shares of Lynas Rare Earths (OTCMKTS:LYSCF – Get Rating) in a report issued on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.

Separately, JPMorgan Chase & Co. upgraded shares of Lynas Rare Earths from an “underweight” rating to a “neutral” rating in a research note on Monday, February 27th.

Lynas Rare Earths Trading Up 2.0 %

OTCMKTS:LYSCF opened at $4.35 on Friday. Lynas Rare Earths has a 12 month low of $4.14 and a 12 month high of $8.63. The firm has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $5.54.

About Lynas Rare Earths

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Lynas Rare Earths Ltd. engages in the production of rare earth minerals. It focuses on the exploration, development, mining, and processing of rare earth deposits. The company was founded by Nicholas Anthony Curtis on May 25, 1983 and is headquartered in Perth, Australia.