Rare earth miner Lynas hits 4-month high as Jefferies raises PT on upbeat outlook

Lynas Rare Earths

27/02/2026 03:57

** Lynas Rare Earths LYC.AX jumps ~9% to A$18.79, its highest since October 27, 2025, and among the top gainers on the mining subindex.AXMM, which also notches a record

** Stock is poised for its strongest February since 2021 and its best month since August, rallying 25% so far

** Jefferies nudges its PT up to A$15.50 from A$15, noting that while the stock looks fully valued, they remain constructive on the medium‑ to long‑term outlook, with Lynas strategically positioned to benefit from any market upswing as it expands capacity and broadens its product suite

** Adds, securing new strategic offtake deals or downstream partnerships would help underpin the current valuation, with LYC well positioned to leverage production growth

** This week, LYC is up 19%, set for its best week in half a decade, beating AXMM's gains of 7.6%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))