Lynas Rare Earths Ltd (ASX: LYC) Share Price and News

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Lynas Rare Earths Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $6.28 billion
P/E Ratio 75.47
Dividend Yield 0.00%
Shares Outstanding 934.72 million
Earnings per share 0.090
Dividend per share N/A
Year To Date Return -5.03%
Earnings Yield 1.33%
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as at 24 Feb 3:44pm

  • Lynas Rare Earths Ltd (ASX: LYC)
    Latest News

    A man holds his head as he looks at his laptop and contemplates more bills to pay.
    Materials Shares

    Why Lynas shares were just downgraded by a leading broker

    Here's what the broker is saying about the rare earths producer.

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    These are the 10 most shorted ASX shares

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

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    Resources Shares

    The Lynas share price just hit new 52-week highs! Here's why

    ASX 200 investors have sent the Lynas share price up 31% since early August.

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was a woeful Wednesday for ASX 200 investors today.

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

    Read more »

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

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    Broker Notes

    3 of the best ASX 200 shares to buy in the Asia-Pacific

    These could be the best of the best on the ASX according to Goldman Sachs.

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    Share Market News

    These are the 10 most shorted ASX shares

    Let's see which shares short sellers are targeting this week.

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    The ASX somehow managed to snatch a rise this Wednesday...

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    Frequently Asked Questions

    Lynas was founded in 1983 as Yilgangi Gold NL, before changing its name to Lynas Gold NL in 1985. It listed on the ASX in September 1986. In 2000 it became Lynas Corporation Limited, selling off its gold division to focus on rare earths.

    Lynas has its head office in Perth, Western Australia. It also has a corporate office in Kuala Lumpur, Malaysia.

    No, Lynas has yet to pay out any dividends to shareholders.

    LYC ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Lynas Rare Earths Ltd

    Lynas Rare Earths Ltd (ASX: LYC) is primarily involved in the exploration, development, and processing of rare earth minerals in Australia and Malaysia. It is one of few rare earth producers outside of China.

    Lynas owns and operates a mining and concentration plant at Mt Weld, Western Australia and a manufacturing facility in Kuantan, Malaysia.

    A rare earths processing plant is currently under construction at Kalgoorlie, Western Australia, while in June 2022, Lynas signed a $120 million contract with the US Defense Department for the construction of a rare earths separation facility in Texas, United States.

    The company says demand is continuing to grow for rare earths, such as neodymium and praseodymium (NdPr), for use in electric vehicles and for wind energy.

    LYC Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    22 Nov 2024 $6.80 $-0.07 -1.02% 4,161,372 $6.95 $7.01 $6.74
    21 Nov 2024 $6.87 $-0.11 -1.58% 3,284,478 $6.96 $6.96 $6.82
    20 Nov 2024 $6.98 $-0.06 -0.85% 2,510,487 $7.02 $7.07 $6.91
    19 Nov 2024 $7.04 $-0.11 -1.54% 3,859,050 $7.14 $7.14 $6.93
    18 Nov 2024 $7.15 $0.01 0.14% 5,651,739 $7.14 $7.27 $7.12
    15 Nov 2024 $7.14 $-0.20 -2.72% 5,560,327 $7.34 $7.34 $7.13
    14 Nov 2024 $7.34 $-0.26 -3.42% 4,399,433 $7.55 $7.56 $7.30
    13 Nov 2024 $7.60 $-0.15 -1.94% 2,703,273 $7.64 $7.69 $7.56
    12 Nov 2024 $7.75 $-0.13 -1.65% 2,848,388 $7.79 $7.87 $7.70
    11 Nov 2024 $7.88 $-0.21 -2.60% 2,423,726 $8.03 $8.03 $7.84
    08 Nov 2024 $8.09 $0.07 0.87% 4,353,620 $8.15 $8.27 $8.08
    07 Nov 2024 $8.02 $0.12 1.52% 3,868,063 $8.00 $8.09 $7.91
    06 Nov 2024 $7.90 $0.05 0.64% 3,598,982 $7.99 $7.99 $7.76
    05 Nov 2024 $7.85 $-0.09 -1.13% 2,878,593 $7.78 $7.85 $7.70
    04 Nov 2024 $7.94 $0.16 2.06% 9,266,440 $7.82 $8.07 $7.78
    01 Nov 2024 $7.78 $0.18 2.37% 6,100,656 $7.45 $7.92 $7.41
    31 Oct 2024 $7.60 $-0.05 -0.65% 3,879,849 $7.46 $7.71 $7.44
    30 Oct 2024 $7.65 $-0.08 -1.03% 3,485,421 $7.71 $7.87 $7.58
    29 Oct 2024 $7.73 $0.21 2.79% 2,779,302 $7.60 $7.78 $7.55
    28 Oct 2024 $7.52 $0.08 1.08% 1,936,544 $7.45 $7.55 $7.43

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    14 Mar 2024 John Humphrey Buy 13,506 $77,929
    On-market trade.
    05 Mar 2024 Amanda Lacaze Issued 405,944 $2,419,426
    Issue of securities. 1,599,276 Employee Performance Rights
    29 Feb 2024 John Beevers Buy 27,787 $161,998
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr John Scott Humphrey Non-Executive Director May 2017
    Mr Humphrey joined the Company as a Non-Executive Director on 15 May 2017 and appointed Chair on 29 November 2023. His key areas of expertise include mergers and acquisitions, corporate finance and corporate governance. Mr Humphrey is a senior consultant to King & Wood Mallesons. He was a Senior Partner at King & Wood Mallesons between 1998 and 2012 and a Partner at Corrs Chambers Westgarth between 1980 and 1998. He was appointed as Chairman and a Non-Executive Director of Titles Queensland in August 2021, and he has previously served as Chairman and Non-Executive Director of Horizon Oil Limited and Villa World Limited, Deputy Chairman of King & Wood Mallesons and as a Non-Executive Director of Cromwell Property Group, Downer Group Limited, and Sunshine Broadcasting Group Limited. He has also served as a member of the Australian Takeovers Panel. He is a member of the Risk and ESG committee.
    Dr Vanessa Ann Guthrie Non-Executive Director Oct 2020
    Dr Guthrie was appointed as a Non-Executive Director on 1 October 2020. Dr Guthrie is currently a Non-Executive Director of Santos Limited, North American Construction Group Limited (appointed 1 March 2024), Tronox Holdings PLC (retired 21 February 2024), Orica Limited, Cricket Australia, Infrastructure Australia (retired 15 April 2024) and Chancellor of Curtin University (appointed 1 April 2024). Dr Guthrie was formerly the Lead Independent Director and Deputy Chair of Adbri Limited and a non-Executive Director of the Australian Broadcasting Corporation. Dr Guthrie was appointed an Officer of the Order of Australia in 2021 in recognition of her contribution to the minerals and resources sector. Dr Guthrie is a member of the Risk and the Health, Safety and Environment Committee. Dr Guthrie is Chair of the Community Committee (since 29 November 2023).
    Ms Amanda Margaret Lacaze Chief Executive OfficerExecutive DirectorManaging Director Jun 2014
    Ms Lacaze was appointed as Managing Director and Chief Executive Officer of the Company on 25 June 2014 following her appointment as a Non-Executive Director of the Company on 1 January 2014. Ms Lacaze brings more than 25 years of senior operational experience to Lynas, including as Chief Executive Officer of Commander Communications, Executive Chairman of Orion Telecommunications and Chief Executive Officer of AOL 7. Prior to that, Ms Lacaze was Managing Director of Marketing at Telstra and held various business management roles at ICI Australia (now Orica and Incitec Pivot). Ms Lacaze's early experience was in consumer goods with Nestle.
    Mr Grant Bruce Murdoch Non-Executive Director Oct 2017
    Mr Murdoch joined the Company as a Non-Executive Director on 30 October 2017. Mr Murdoch has more than 38 years of chartered accounting experience. From 2004 to 2011, Mr Murdoch led the corporate finance team for Ernst & Young Queensland and was an audit and corporate finance partner with Deloitte from 1980 to 2000. He was previously a director and the chair of the audit committee for OFX Limited (retired 23 February 2024), ALS Limited, Redbubble Limited and QIC. He is a fellow of both the Institute of Chartered Accountants in Australia and New Zealand and of the Australian Institute of Company Directors. Mr Murdoch is the Chair of the Risk and ESG Committee and a member of the Community Committee.
    Mr Philippe Gerald Etienne Non-Executive Director Jan 2015
    Mr Etienne joined the Company as a Non-Executive Director on 1 January 2015. He is a Non-Executive Director and Chair of Cleanaway Waste Management Limited (appointed Chair 20 September 2023) and Non- Executive Director of Aristocrat Leisure Limited. Mr Etienne is also a former Non-Executive Director of Sedgman Limited and the former Managing Director and Chief Executive Officer of Innovia Security Pty Ltd. Previously, he was the Chief Executive Officer of Orica Mining Services and was a member of Orica Limited's Executive Committee. His career includes senior executive positions with Orica in Australia, the USA and Germany including strategy and planning and responsibility for synergy delivery of large-scale acquisitions. Mr Etienne is the Chair of the Health, Safety and Environment Committee and a member of the Risk and ESG Committee.
    Mr John Richard Beevers Non-Executive Director May 2023
    Mr Beevers joined the Company as a Non-Executive Director on 1 May 2023. Mr Beevers is an experienced Board director with over 30 years of experience in the resources, mining services and chemical industries. He has broad international experience in operations and leadership, including as CEO of Orica Mining Services and Managing Director and CEO for Groundprobe. He is a member of the Health, Safety and Environment Committee.
    Ms Sarah Leonard Company SecretaryGeneral Counsel Jan 2021
    -
    G. Sturzenegger Chief Financial Officer
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    P. Le Roux Chief Operating Officer
    -
    Sarah Leonard Company SecretaryGeneral Counsel
    -
    C. Jenney Vice President - Major Projects
    -
    M. Ahmad Vice President - Malaysia
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    Jennifer Parker Vice President Corporate Affairs
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    Dato Sri Mashal Ahmad Vice President Malaysia
    -
    Mimi Afzan Afza Vice President People & Culture
    -
    Daniel Havas Vice President Strategy & Investor Relations
    -
    Chris Jenney VP Major Projects
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 279,810,935 29.93%
    J P Morgan Nominees Australia Pty Limited 188,323,930 20.15%
    Citicorp Nominees Pty Limited 115,973,915 12.41%
    Japan Australia Rare Earths Bv 31,233,027 3.34%
    BNP Paribas Nominees Pty Ltd <Clearstream> 22,925,666 2.45%
    National Nominees Limited 17,018,328 1.82%
    BNP Paribas Noms Pty Ltd 15,976,081 1.71%
    Argo Investments Limited 8,479,221 0.91%
    BNP Paribas Nominees Pty Ltd <Agency Lending A/C> 8,266,822 0.88%
    HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 6,758,946 0.72%
    HSBC Custody Nominees (Australia) Limited A/C 2 4,771,226 0.51%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 4,660,281 0.50%
    Netwealth Investments Limited <Wrap Services A/C> 2,776,514 0.30%
    BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient> 2,759,339 0.29%
    BNP Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd> 2,473,405 0.27%
    Amanda Margaret Lacaze (Direct & Indirect) 2,325,616 0.24%
    BNP Paribas Noms (Nz) Ltd 1,912,988 0.20%
    Mutual Trust Pty Ltd 1,855,000 0.20%
    HSBC Custody Nominees (Australia) Limited i 1,832,878 0.20%
    HSBC Custody Nominees (Australia) Limited ii 1,738,221 0.19%

    Profile

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