Australia's Lynas Rare Earths falls; misses Jefferies' estimates on weaker-than-expected quarterly production

Lynas Rare Earths

21/04/2026 05:47

Updates

** Shares of Australia's Lynas Rare Earths LYC.AX fall as much as 4.3% to A$19.51, their lowest level since April 2

** Jefferies says quarterly results "below expectations", sales volumes were 11% below its estimates, 19% below VA consensus

** Brokerage flags weaker-than-expected Rare Earth Oxide(REO) production, co's main product

** LYC expects prices to increase for certain materials, impacted by geopolitics and global fuel markets

** Says difficult to predict magnitude and duration of these price increases

** Company, however, posts more than twofold jump in quarterly sales revenue, compared with last year

** Eight of 14 analysts rate the stock "buy" or higher, four "hold" and two "sell" or lower; their median PT is A$20.5, LSEG- compiled data shows

** YTD, stock up 58.8%

 (Reporting by Sneha Kumar and Aamir Shaik Khalid in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com; Aamir.SheikKhalid@thomsonreuters.com))