Jefferies cuts PT on Australia's Lynas on Mt Weld ore variability

Lynas Rare Earths

22/07/2026 22:58

** Analysts at Jefferies lower their price target on Australia's Lynas Rare Earths LYC.AX to A$20.50 from A$22.00, keep 'buy' rating
** Brokerage says NdPr production of 1.857 kt fell short of Visible Alpha consensus estimate of 2.199 kt on ore variability and higher concentrate impurities at Mt Weld in Western Australia
** Rare earths producer on Wednesday posted quarterly sales revenue jump of about 70% to A$288.9 million ($202.06 million), but was nearly 20% below the VA consensus estimate
** Expects LYC capex growth to A$707 million from A$496 million over next five years due to an estimated increase in cost of expanded HRE facility and expenditure on thorium extraction, industrial residue management - Jefferies
** Stock up 23.6% YTD


($1 = 1.4298 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))