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Lynas Rare Earths (ASX: LYC) Broker Ratings
Equity Espresso
April 08, 2025 • Estimated Reading Time: 3 minutes
Lynas Rare Earths (ASX: LYC) Broker Ratings
Date | Broker | Rating | Price Target |
|---|---|---|---|
08/04/2025 | Ord Minnett | Hold | $7.80 |
28/02/2025 | UBS | Buy | $7.95 |
28/02/2025 | Morgan Stanley | Underweight | $5.65 |
27/02/2025 | Macquarie | Neutral | $7.10 |
27/02/2025 | Citi | Sell | $5.50 |
27/02/2025 | Bell Potter | Hold | $7.30 |
08/04/2025
Ord Minnett has downgraded Lynas Rare Earths to Hold from Buy with an unchanged target price of $7.80. The broker notes China's move to restrict exports of seven rare earths could lift prices of heavy rare earth oxides, lifting price forecasts for Dy-Tb-Y by 2-4% for 2025-26. Ord Minnett expects HREO producers to be the biggest beneficiaries, with Lynas expected to produce minor Dy+Tb by mid-year.
28/02/2025
UBS has maintained its Buy rating for Lynas Rare Earths with a target price of $7.95. The broker notes the company reported 1H25 EBITDA of $38.1m and net profit loss of -$5.9m, below UBS estimates due to forex inventory sales and additional provisions. UBS has lowered EPS by -43% and -5% for FY25/26 respectively, while noting a 13% YTD price increase.
Morgan Stanley has maintained its Underweight rating for Lynas Rare Earths while reducing the target price to $5.65 from $5.70. The broker notes earnings have been affected by higher costs, with EBITDA missing forecasts partly due to FX losses. Morgan Stanley expects second half performance to depend on end-market demand and be a trade-off with additional volume impacts on price and costs.
27/02/2025
Macquarie has maintained its Neutral rating for Lynas Rare Earths while reducing the target price to $7.10 from $7.20. The broker reports 1H25 results were weak with earnings below consensus, partially attributable to FX losses. Macquarie notes Lynas stands out as a major rare earths producer outside China but sees a bumpy road ahead in 2025 despite a constructive long-term outlook.
Citi has maintained its Sell rating for Lynas Rare Earths while cutting the target price to $5.50 from $6.85. The broker highlights China's continued tightening control over the rare earths industry, pressuring ex-China pricing and limiting supply growth. Citi has lowered FY25/26 NPAT forecasts by -29%/-22%, citing higher unit costs and depreciation.
Bell Potter has maintained its Hold rating for Lynas Rare Earths while raising the target price to $7.30 from $7.20. The broker notes first-half EBITDA of $38m came in short of forecasts, driven by lower rare earths pricing and production interruptions. Bell Potter reports management reaffirmed its long-term production target of 12,000tpa of NdPr, with the Kalgoorlie processing facility ramp-up expected in 2025.
Lynas Rare Earths Stock Price
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