Lynas Rare Earths (LYC) – One-off miss
January 29, 2025
Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company also develops and operates advanced material processing and concentration plants. Lynas was incorporated in 1983 and is based in Perth, Australia.
Lynas reported disappointing production in the December quarter, driven by the failure to recognise the low quality of its mixed rare earth carbonate (MREC) from its Mt Weld project at Kalgoorlie. We don’t expect the issue to reoccur, and Lynas hopes to catch up on some of the lost sales over the next two quarters. The production miss does not affect our forward estimates, so we maintain our Buy recommendation and target price of $7.80
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
PEXA Group (PXA) – Trading update
PEXA Group provides a digital property settlements platform in Australia and the UK, operating through three divisions.
Megaport (MP1) – Major contract win
Megaport provides a cloud-based software-defined network platform that enables users to connect their network to other services, known in the industry as ‘network as a service’ (NaaS), and has customers in Australia, New Zealand, Hong Kong, Singapore, Japan, North America and Europe.
AGL Energy (AGL) & Origin Energy (ORG) – Battery overbuilding clouds earnings outlook
AGL Energy supplies energy generated from coal, gas-fired, wind, hydro, solar and grid-scale batteries, and also offers natural gas storage and other firming and storage technology.
.jpg)