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    LYC   AU000000LYC6

LYNAS RARE EARTHS LIMITED

(LYC)
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Australian shares track Wall Street higher, miners top gainers

07/20/2021 | 09:06pm EDT

July 21 (Reuters) - Australian shares climbed more than 1% on Wednesday, led by miners and banks, after Wall Street bounced back on upbeat earnings reports and renewed optimism about economic growth.

The S&P/ASX 200 index was up 1.12% at 7,333.6, as of 0025 GMT, after two straight sessions of falls. Earlier in the day, it gained 1.2% in its biggest intraday jump in four weeks.

Overnight, all three major U.S. stock indexes closed higher, rebounding from a multi-day losing streak after a string of upbeat earnings and revived economic growth optimism even as worries about a resurgence in COVID-19 cases remained.

Miners were the top boost to the benchmark index, advancing as much as 1.5%.

Diversified miner South32 rose nearly 2% after posting an 11% jump in its full-year coking coal output, while BHP Group advanced more than 2% following a report that it was planning to exit its oil and gas business.

Heavyweight financials gained 1.2%, with all the "big four" banks rising between 0.9% and 1.4%.

Energy stocks rose 1.34%, led by Whitehaven Coal , up 2.2%, and Santos, up 1.8%.

Among the top percentage gainers on the benchmark index, Lynas Rare Earths rose 4.01%, while European property firm Unibail-Rodamco-Westfield added 3.7%.

Meanwhile, South Australia joined Sydney and all of Victoria state in hard lockdowns as the highly infectious Delta variant of the coronavirus spread across three of the country's major cities.

A Reuters poll showed Australia's economy would be hit in the September quarter due to renewed coronavirus restrictions, with growth now forecast at 0.1% on a quarter-on-quarter basis, down from 0.9% predicted in an April poll.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.5% to 12,709.5. Top percentage gainers were NZX Ltd, up 3.9%, and Mercury NZ, which added 2.5%.

Elsewhere, Japan's Nikkei was up 1.26% at 27,732.8, and S&P 500 E-minis futures were up 0.14%. (Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 0.97% 40.65 End-of-day quote.-4.20%
LONDON BRENT OIL 0.37% 75.64 Delayed Quote.42.98%
LYNAS RARE EARTHS LIMITED -0.39% 7.76 End-of-day quote.94.97%
MERCURY NZ LIMITED 1.96% 6.51 End-of-day quote.-0.31%
NIKKEI 225 -0.62% 30323.34 Real-time Quote.11.18%
NZX LIMITED -2.29% 1.71 End-of-day quote.-12.76%
S&P 500 -0.15% 4472.97 Delayed Quote.18.29%
S&P/ASX 200 0.58% 7460.2 Real-time Quote.12.60%
SANTOS LIMITED 2.24% 6.4 End-of-day quote.2.07%
SOUTH32 LIMITED 4.15% 3.51 End-of-day quote.42.11%
UNIBAIL-RODAMCO-WESTFIELD SE 1.36% 66.42 Real-time Quote.1.47%
WHITEHAVEN COAL LIMITED 2.65% 3.1 End-of-day quote.88.45%
WTI 0.08% 72.599 Delayed Quote.46.90%
All news about LYNAS RARE EARTHS LIMITED
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Analyst Recommendations on LYNAS RARE EARTHS LIMITED
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Financials
Sales 2022 708 M 516 M 516 M
Net income 2022 346 M 253 M 253 M
Net cash 2022 255 M 186 M 186 M
P/E ratio 2022 22,1x
Yield 2022 -
Capitalization 7 003 M 5 100 M 5 108 M
EV / Sales 2022 9,53x
EV / Sales 2023 7,81x
Nbr of Employees -
Free-Float 97,2%
Chart LYNAS RARE EARTHS LIMITED
Duration : Period :
Lynas Rare Earths Limited Technical Analysis Chart | LYC | AU000000LYC6 | MarketScreener
Technical analysis trends LYNAS RARE EARTHS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 7,76 AUD
Average target price 6,82 AUD
Spread / Average Target -12,1%
EPS Revisions
Managers and Directors
Amanda M. Lacaze Chief Executive Officer, Executive Director & MD
Gaudenz Sturzenegger Chief Financial Officer
Kathleen Marie Conlon Non-Executive Chairman
Philippe G. Etienne Independent Non-Executive Director
John Scott Humphrey Independent Non-Executive Director