ASX:LYCMetals and Mining
Lynas Rare Earths (ASX:LYC) Shares Ask If Margin Gains Justify 72.2x P/E
Lynas Rare Earths closed at A$15.94 today after a choppy week where the stock slipped about 2% over seven days but remains up roughly 7% over the past month. The market has been wrestling with a simple question: Do the latest earnings justify paying a rich trailing P/E of 72.2x for a miner tied to critical magnets and electric vehicles?
The headline this time is not a quarter point beat or miss. It is the scale of the earnings reset, with earnings per share over the last year rising by a very...