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
$6.37 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%
Franking
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Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Lynas Rare Earths Ltd (ASX: LYC)
Latest News
Earnings Results
Lynas share price on watch after 244% profit jump, doubling revenue
Materials Shares
Why did the Lynas share price lose 5% on Monday?
Dividend Investing
Will Lynas shares pay a dividend in 2022?
Resources Shares
Why Lynas shares and one other ASX 200 rare earths miner are in this expert's 'core basket'
Share Gainers
Why has the Lynas share price surged 22% in the last 3 weeks?
Share Market News
Here are the top 10 ASX 200 shares today
Share Gainers
Why BWP, Lynas, Pilbara Minerals, and Pinnacle shares are charging higher
Resources Shares
'Essential foundation for success': Lynas share price leaps on $500 million expansion
Share Market News
Here are the top 10 ASX 200 shares today
Resources Shares
Rare earths are now in the red for 2022. What does this mean for the Lynas share price?
Resources Shares
What's the outlook for the Lynas share price in FY23?
Broker Notes
Here's why Macquarie thinks these 2 ASX 200 shares can outperform
Frequently Asked Questions
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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.
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Lynas has its head office in Perth, Western Australia. It also has a corporate office in Kuala Lumpur, Malaysia.
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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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 25 Nov 2024 | $6.72 | $-0.08 | -1.18% | 6,166,390 | $6.88 | $6.89 | $6.65 |
| 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 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 14 Mar 2024 | John Humphrey | Buy | 13,506 | $77,929 |
On-market trade.
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| 05 Mar 2024 | Amanda Lacaze | Issued | 405,944 | $2,419,426 |
Issue of securities. 1,599,276 Employee Performance Rights
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| 29 Feb 2024 | John Beevers | Buy | 27,787 | $161,998 |
On-market trade.
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Directors & Management 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.
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| 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).
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| 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.
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| 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.
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| 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.
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| 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.
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| Ms Sarah Leonard | Company SecretaryGeneral Counsel | Jan 2021 |
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| G. Sturzenegger | Chief Financial Officer |
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| P. Le Roux | Chief Operating Officer |
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| Sarah Leonard | Company SecretaryGeneral Counsel |
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| C. Jenney | Vice President - Major Projects |
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| 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 |
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| Mimi Afzan Afza | Vice President People & Culture |
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| Daniel Havas | Vice President Strategy & Investor Relations |
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| Chris Jenney | VP Major Projects |
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Top Shareholders 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% |
