Lynas Rare Earths (LYC) Stock Overview
Engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for LYC from our risk checks.
LYC Community Fair Values
Create NarrativeSee what 216 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
ST
stuart_roberts
Community ContributorCA$5.07FV • 68.6% undervalued intrinsic discount
4849.4%Revenue growth p.a.
13.3k
37
1
271
Lynas Rare Earths Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$19.14 |
| 52 Week High | AU$22.37 |
| 52 Week Low | AU$7.22 |
| Beta | 0.71 |
| 1 Month Change | -2.60% |
| 3 Month Change | 28.46% |
| 1 Year Change | 133.13% |
| 3 Year Change | 190.88% |
| 5 Year Change | 230.00% |
| Change since IPO | 375.34% |
Recent News & Updates
LYC: Long Dated NdPr Floor Pricing Will Restrain Rare Earth Upside
Analysts have lifted their price target for Lynas Rare Earths to A$24, highlighting the revised Lynas JARE deal that locks in 5,000tpa NdPr to 2038 at a US$110/kg floor and allows for additional production to be sold into potentially higher return Western contracts. Analyst Commentary The revised Lynas JARE agreement, with 5,000tpa of NdPr contracted to 2038 at a US$110/kg floor, sits at the center of current analyst discussions.
LYC: Revised Offtake Floor Price And Full Operations Will Support Rare Earth Upside
Analysts have lifted their price target on Lynas Rare Earths to A$26.00, citing the revised Lynas JARE offtake deal with its A$110/kg NdPr floor price and the capacity for additional higher return Western contracts as key supports for the updated assumptions on margins and valuation multiples. Analyst Commentary Bullish analysts are highlighting the revised Lynas JARE offtake deal and the company's operating position as key supports for more constructive views on the stock.
LYC: Long Term Offtake Floor Price Will Support Yet Constrain Future Upside
The analyst fair value estimate for Lynas Rare Earths has shifted from A$16.65 to A$19.20 as analysts factor in the revised Lynas JARE offtake agreement, a secured NdPr floor price of $110/kg, and expectations for higher earnings potential from ramped production and future Western offtake capacity. Analyst Commentary Bullish Takeaways Bullish analysts point to the revised Lynas JARE offtake agreement, which secures 5,000 tpa of NdPr at a $110/kg floor price to 2038, as a key support for earnings visibility and valuation confidence.Recent updates
LYC: Long Dated NdPr Floor Pricing Will Restrain Rare Earth Upside
Analysts have lifted their price target for Lynas Rare Earths to A$24, highlighting the revised Lynas JARE deal that locks in 5,000tpa NdPr to 2038 at a US$110/kg floor and allows for additional production to be sold into potentially higher return Western contracts. Analyst Commentary The revised Lynas JARE agreement, with 5,000tpa of NdPr contracted to 2038 at a US$110/kg floor, sits at the center of current analyst discussions.LYC: Revised Offtake Floor Price And Full Operations Will Support Rare Earth Upside
Analysts have lifted their price target on Lynas Rare Earths to A$26.00, citing the revised Lynas JARE offtake deal with its A$110/kg NdPr floor price and the capacity for additional higher return Western contracts as key supports for the updated assumptions on margins and valuation multiples. Analyst Commentary Bullish analysts are highlighting the revised Lynas JARE offtake deal and the company's operating position as key supports for more constructive views on the stock.LYC: Long Term Offtake Floor Price Will Support Yet Constrain Future Upside
The analyst fair value estimate for Lynas Rare Earths has shifted from A$16.65 to A$19.20 as analysts factor in the revised Lynas JARE offtake agreement, a secured NdPr floor price of $110/kg, and expectations for higher earnings potential from ramped production and future Western offtake capacity. Analyst Commentary Bullish Takeaways Bullish analysts point to the revised Lynas JARE offtake agreement, which secures 5,000 tpa of NdPr at a $110/kg floor price to 2038, as a key support for earnings visibility and valuation confidence.
Lynas Rare Earths Will Continue to Surge Alongside The Transition To a Green Future
Lynas Rare Earths is the only fully integrated rare earth producer outside of China, with demand underpinned by its critical role in electric vehicles, wind turbines, and defence technologies. The company has recently strengthened its strategic positioning through a partnership with U.S.-based Noveon Magnetics, the only American manufacturer of sintered rare earth magnets.
Lynas Rare Earths: Owning the Policy-Backed Growth Regime, Not Just the Ore Body.
Synopsis & Business Model: A Strategic Bottleneck, Not Just a Miner Lynas Rare Earths is best understood as a vertically integrated critical-minerals utility rather than a conventional cyclical miner. It operates one of the world’s highest‑grade rare earth deposits at Mt Weld in Western Australia, with ore concentrated on site and then processed through its cracking and leaching facility in Kalgoorlie and its separation and refining plant in Gebeng, Malaysia.LYC: Full Operations And Offtake Agreements Will Limit Upside At Current Levels
Analysts have lifted their price target for Lynas Rare Earths from A$15.87 to about A$16.65, reflecting updated assumptions for fair value, discount rate, growth and margins as they factor in ramped-up production and new offtake agreements. Analyst Commentary Bullish Takeaways Bullish analysts point to Lynas Rare Earths' position as a leading producer of separated rare earths outside China as an important support for the updated fair value assumptions.China-threatening vital rare earth supplier, LYC.
Lynas Rare Earths (ASX: LYC): A Leveraged Bet on Rare Earth Prices and Supply Chain Diversification Key Takeaways Lynas Rare Earths is the largest producer of separated rare earths outside China , making it strategically important in the global push to diversify critical mineral supply chains. Neodymium-Praseodymium (NdPr) oxide drives the majority of Lynas’ revenue , and earnings are highly sensitive to its price.LYC: Full Operations And Offtake Agreements Are Expected To Support Fairly Valued Outlook
Analysts have nudged their fair value estimate for Lynas Rare Earths slightly higher from A$15.77 to A$15.87, citing expectations that full operations, a production ramp up and new offtake agreements can support earnings and cash flow over time. Analyst Commentary Bullish Takeaways Bullish analysts highlight that full operations are now underway, which they see as an important step for Lynas to translate its asset base into more consistent production and earnings.LYC: Full Operations And Offtake Agreements Will Drive Rare Earth Upside
Analysts have lifted their fair value estimate for Lynas Rare Earths from A$17.50 to about A$26.00, pointing to the company’s position as a leading non China rare earths producer, the ramp up of full operations and new offtake agreements, as well as exploration upside highlighted in recent research. Analyst Commentary Recent research has turned more positive on Lynas Rare Earths, with several bullish analysts highlighting the company’s role as a major producer of separated rare earths outside China, the completion of construction, and the move to full operations.LYC: Full Operations And Offtake Ramp Will Test Stretch Rare Earth Expectations
Analysts have nudged their Lynas Rare Earths price targets higher into the mid A$16 to high A$17 range, pointing to fresh Buy ratings, an Outperform initiation, and a slightly adjusted discount rate alongside updated assumptions for revenue growth, margins, and future P/E as full operations and new offtake agreements come through. Analyst Commentary Recent research on Lynas Rare Earths has leaned positive, with several firms either initiating or upgrading ratings while setting price targets in the mid A$16 to high A$17 range.LYC: Execution Risks On Project Pipeline Will Pressure Overextended Earnings Expectations
Narrative Update Analysts have lifted their price target for Lynas Rare Earths to A$17.80 from A$16.60, citing what they view as an attractive entry point after the recent share pullback and potential exploration upside from recent drilling results. Analyst Commentary Recent research has highlighted two key angles on Lynas Rare Earths.LYC: Rare Earth Price Normalization Will Pressure Overextended Earnings Expectations
Analysts have raised their price target on Lynas Rare Earths by about A$2 to the mid-A$17 range, citing recent upgrades to Buy, an attractive entry point after a 25% pullback in the share price, and significant exploration upside from new drilling results. Analyst Commentary Recent research updates have highlighted a more constructive stance on Lynas Rare Earths, with price targets in the mid A$17 range framed against a backdrop of heightened volatility in rare earth prices.LYC: Exploration Upside Is Expected To Drive Returns Amid Supply Chain Realignment
Lynas Rare Earths’ consensus analyst price target has been raised by A$0.68 to A$15.77, as analysts cite the recent share price pullback and significant exploration upside from drilling results as key drivers of their upgraded outlook. Analyst Commentary Analyst sentiment has turned more constructive following the recent share price pullback, with upgraded ratings and higher price targets reflecting growing confidence in Lynas Rare Earths’ medium term growth profile.LYC: Upgrades And Exploration Momentum Will Offset Supply Chain Uncertainties Ahead
Analysts have raised their price target for Lynas Rare Earths from A$15.94 to A$16.44, citing discounted share prices as well as optimistic expectations for exploration growth and improved profitability metrics. Analyst Commentary Recent analyst reports provide fresh perspectives on Lynas Rare Earths' outlook, highlighting both optimism for growth and potential areas of caution.LYC: Profit Margins Will Improve Amid Global Rare Earth Supply Chain Shifts
Analysts have raised their price target for Lynas Rare Earths from $15.69 to $15.94. This update reflects improved profit margin expectations and minor upgrades to growth forecasts.Western Government Spending And China Tensions Will Sustain Rare Earth Demand Expectations
Analysts have raised their price target for Lynas Rare Earths from $14.23 to $15.69 per share. They cite a slightly lower discount rate and modest improvements in revenue growth and profit margin forecasts as reasons for the increase.Overvaluation Will Persist As Western Government Spurs Rare Earth Demand
Analysts have raised their price target for Lynas Rare Earths from $13.12 to $14.23. They cited improved revenue growth forecasts and a slight adjustment in discount rates.Overvaluation Will Persist As Western Government Spurs Rare Earth Demand
Consensus analyst expectations for Lynas Rare Earths remain largely stable, with only marginal changes in both future P/E ratio and discount rate, resulting in a slight increase in the fair value estimate from A$12.88 to A$13.12. What's in the News G7 and EU are considering implementing price floors and export taxes to promote rare earth production outside China, potentially benefiting Lynas Rare Earths (Reuters, 2025-09-24).Overvaluation Will Persist As Western Government Spurs Rare Earth Demand
The marginal increase in Lynas Rare Earths’ consensus analyst price target to A$12.88 reflects improving fundamentals, with a lower future P/E and rising net profit margin. What's in the News The White House is considering guaranteeing a minimum price for U.S. rare earths to support domestic production and counter China’s dominance, with Lynas Rare Earths among the companies involved in these discussions (Reuters, 2025-07-31).Analyst Forecasts For Lynas Rare Earths Limited (ASX:LYC) Are Surging Higher
Sep 01
Lynas Rare Earths Limited Just Missed Earnings - But Analysts Have Updated Their Models
Aug 29Mt Weld And Malaysia Expansion Will Secure Rare Earth Supply
The upward revision in Lynas Rare Earths’ price target reflects improved sentiment, driven by a higher consensus revenue growth forecast and a lower future P/E, resulting in a new analyst price target of A$10.25. What's in the News The White House is considering guaranteeing a minimum price for U.S. rare earth producers, including Lynas Rare Earths, to boost domestic production and reduce reliance on China (Reuters, 2025-07-31).Insufficient Growth At Lynas Rare Earths Limited (ASX:LYC) Hampers Share Price
Jul 30Here's What's Concerning About Lynas Rare Earths' (ASX:LYC) Returns On Capital
Jun 24
Mt Weld Expansion And Market Diversification To Propel Rare Earths Revenue Growth
Strategic asset management and production alignment position Lynas to maximize future margins, enhancing revenue and net margins as prices recover.Shareholder Returns
| LYC | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 5.0% | -4.3% | -1.4% |
| 1Y | 133.1% | 50.1% | 6.2% |
Return vs Industry: LYC exceeded the Australian Metals and Mining industry which returned 50.1% over the past year.
Return vs Market: LYC exceeded the Australian Market which returned 6.2% over the past year.
Price Volatility
| LYC volatility | |
|---|---|
| LYC Average Weekly Movement | 9.2% |
| Metals and Mining Industry Average Movement | 12.6% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in AU Market | 17.5% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: LYC has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: LYC's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | n/a | Amanda Lacaze | lynasrareearths.com |
Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mt Weld rare earths mine and concentration plant near Laverton in Western Australia; a rare earths processing facility in Kalgoorlie, Western Australia; and an advanced materials plant in Gebeng, Malaysia. It also offers light rare earths, including lanthanum, cerium, praseodymium, and neodymium; and heavy rare earth, comprising of samarium, europium, gadolinium, terbium, and dysprosium.
Lynas Rare Earths Limited Fundamentals Summary
| LYC fundamental statistics | |
|---|---|
| Market cap | AU$19.13b |
| Earnings (TTM) | AU$82.35m |
| Revenue (TTM) | AU$715.89m |
233.9x
P/E Ratio26.9x
P/S RatioIs LYC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LYC income statement (TTM) | |
|---|---|
| Revenue | AU$715.89m |
| Cost of Revenue | AU$493.09m |
| Gross Profit | AU$222.80m |
| Other Expenses | AU$140.45m |
| Earnings | AU$82.35m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.082 |
| Gross Margin | 31.12% |
| Net Profit Margin | 11.50% |
| Debt/Equity Ratio | 4.0% |
How did LYC perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 15:09 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lynas Rare Earths Limited is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dale Koenders | Barrenjoey Markets Pty Limited |
| Daniel Morgan | Barrenjoey Markets Pty Limited |
| Mollie Urquhart | Barrenjoey Markets Pty Limited |