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 $6.46 billion
P/E Ratio 32.76
Dividend Yield 0.00%
Shares Outstanding 934.72 million
Earnings per share 0.216
Dividend per share N/A
Year To Date Return -1.26%
Earnings Yield 3.05%
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as at 24 Feb 3:44pm

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

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    Share Fallers

    Why BHP, Lynas, Metals X, and Super Retail shares are dropping today

    These shares are ending the week in the red.

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    A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.
    Materials Shares

    Dirt cheap! Why Lynas shares could rise 18%

    Bell Potter sees a lot of value in this rare earths miner's shares.

    Read more »

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    Resources Shares

    Lynas share price slides on rare earths revenue headwinds

    ASX 200 investors are pressuring the Lynas share price today.

    Read more »

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    The ASX 200 kept up the selling this Wednesday, with another day in the red.

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    Share Gainers

    Why Bank of Queensland, DroneShield, Evolution Mining, and Lynas shares are storming higher today

    These ASX shares are having a very strong session on hump day.

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    Materials Shares

    Lynas shares leap as Rinehart ramps up $332 million stake

    Gina Rinehart is gradually growing a rare earths empire.

    Read more »

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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 May 2024 $7.07 $-0.03 -0.42% 3,097,145 $7.13 $7.13 $7.05
    21 May 2024 $7.10 $0.02 0.28% 3,714,159 $7.05 $7.10 $7.01
    20 May 2024 $7.08 $0.11 1.58% 2,484,068 $7.00 $7.09 $6.98
    17 May 2024 $6.97 $-0.01 -0.14% 3,457,517 $6.97 $7.02 $6.93
    16 May 2024 $6.98 $0.08 1.16% 5,198,242 $6.91 $7.00 $6.90
    15 May 2024 $6.90 $0.09 1.32% 4,144,653 $7.00 $7.05 $6.82
    14 May 2024 $6.81 $-0.11 -1.59% 3,459,159 $6.92 $6.94 $6.81
    13 May 2024 $6.92 $0.06 0.87% 2,968,680 $6.84 $6.95 $6.83
    10 May 2024 $6.86 $0.20 3.00% 5,141,612 $6.72 $6.90 $6.72
    09 May 2024 $6.66 $-0.02 -0.30% 1,608,762 $6.68 $6.68 $6.59
    08 May 2024 $6.68 $0.03 0.45% 1,959,825 $6.62 $6.68 $6.58
    07 May 2024 $6.65 $0.14 2.15% 4,355,147 $6.57 $6.69 $6.56
    06 May 2024 $6.51 $-0.05 -0.76% 2,134,437 $6.60 $6.61 $6.49
    03 May 2024 $6.56 $0.09 1.39% 2,285,100 $6.53 $6.58 $6.51
    02 May 2024 $6.47 $-0.03 -0.46% 4,585,484 $6.46 $6.52 $6.40
    01 May 2024 $6.50 $-0.06 -0.91% 3,118,162 $6.42 $6.51 $6.38
    30 Apr 2024 $6.56 $0.13 2.02% 3,695,950 $6.48 $6.58 $6.45
    29 Apr 2024 $6.43 $0.24 3.88% 3,143,621 $6.23 $6.45 $6.20
    26 Apr 2024 $6.19 $-0.19 -2.98% 5,495,412 $6.17 $6.27 $6.10
    24 Apr 2024 $6.38 $-0.02 -0.31% 2,975,822 $6.44 $6.46 $6.25
    23 Apr 2024 $6.40 $-0.06 -0.93% 5,412,882 $6.46 $6.48 $6.39

    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.
    15 Nov 2023 Amanda Lacaze Buy 430,163 $3,045,554
    Conversion of securities. No change in rights for this conversion of rights
    15 Nov 2023 Amanda Lacaze Sell 1,000,000 $7,041,685
    On-market trade.
    15 Nov 2023 Amanda Lacaze Expiry 208,856 $1,478,700
    As advised by the company. 11,93,332 Righst

    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's 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 the Dean of the Faculty of Law at Queensland University of Technology. He was a Senior Partner at King & Wood Mallesons and a Partner at Corrs Chambers Westgarth. He is an experienced Non-Executive Director having previously been Chairman and a Non-Executive Director of Spotless Group Holdings and Chairman and Non-Executive Director of Auswide Bank Limited. He was appointed as Chairman and a Non-Executive Director of Titles Queensland 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 Australian Institute of Company Directors. Mr Humphrey is the Chair of the Community Committee and a member of the Risk and ESG Committee.
    Dr Vanessa Ann Guthrie Non-Executive Director Oct 2020
    Dr Guthrie has over 30 years' experience in the resources sector. Dr Guthrie is currently a Non-Executive Director of Santos Limited, Tronox Holdings PLC, Orica Limited, Cricket Australia, Infrastructure Australia and Pro-Chancellor of Curtin University. Dr Guthrie was formerly the Lead Independent Director and Deputy Chair of Adbri Limited and a non-Executive Director of the Australian Broadcasting Corporation. She is a Fellow of the Australian Institute of Company Directors and the Academy of Technological Sciences and Engineering and the Australasian Institute of Mining and Metallurgy and holds an Honorary Doctor of Science from Curtin University. 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 ESG Committee and the Health, Safety and Environment Committee.
    Ms Amanda Margaret Lacaze Chief Executive OfficerExecutive DirectorManaging Director Jun 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 manage ment roles at ICI Australia. Ms Lacaze's early experience was in consumer goods with Nestle. Ms Lacaze is a member of Chief Executive Women and the Australian Institute of Company Directors. She was a Non-Executive Director of ING Bank Australia until 30 May 2021.
    Mr Grant Bruce Murdoch Non-Executive Director Oct 2017
    Mr Murdoch has more than 38 years of chartered accounting experience. Mr Murdoch led the corporate finance team for Ernst & Young Queensland and was an audit and corporate finance partner with Deloitte. Mr Murdoch has extensive experience in providing advice in relation to mergers, acquisitions, takeovers, corporate restructures, share issues, pre-acquisition pricing due diligence advice, expert reports for capital raisings and initial public offerings. Mr Murdoch is currently a Non-Executive Director and chair of the audit committee of the listed entity OFX Ltd and Auswide Bank Ltd. He was previously a director and the chair of the audit committee for ALS Limited, Redbubble Limited and QIC. He is a senator of the University of Queensland and an adjunct professor at the University of Queensland Business School. Mr Murdoch is the Chair of the Risk and ESG Committee and a member of Community Committee.
    Mr Philippe Gerald Etienne Non-Executive Director Jan 2015
    Mr Etienne is a Non-Executive Director and Deputy Chair of Cleanaway Waste Management Limited and 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 is an experienced Board director with over 30 years' 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 for and CEO for Groundprobe. Mr Beevers is currently a Non-Executive Director of Orica Limited and Syrah Resources Limited. Mr Beevers is a member of the Community Committee, Health, Safety and Environment Committee.
    Ms Sarah Leonard Company SecretaryGeneral Counsel Jan 2021
    -
    G. Sturzenegger Chief Financial Officer
    -
    P. Le Roux Chief Operating Officer
    -
    Sarah Leonard Company SecretaryGeneral Counsel
    -
    C. Jenney Vice President-Major Projects
    -
    M. Ahmad Vice President-Malaysia
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Hsbc Custody Nominees (Australia) Limited 316,073,900 33.91%
    J P Morgan Nominees Australia Pty Limited 110,133,598 11.82%
    Citicorp Nominees Pty Limited 107,226,152 11.50%
    National Nominees Limited 44,115,013 4.73%
    Japan Australia Rare Earths Bv 31,233,027 3.35%
    Bnp Paribas Noms Pty Ltd <Drp> 26,599,546 2.85%
    Bnp Paribas Nominees Pty Ltd Acf Clearstream 25,159,888 2.70%
    Bnp Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 9,714,267 1.04%
    Argo Investments Limited 6,979,221 0.75%
    HSBC Custody Nominees (Australia) Limited <NT COMNWLTH Super Corp A/C> 6,549,726 0.70%
    Citicorp Nominees Pty Limited <Colonial First State INV A/C> 4,529,524 0.49%
    HSBC Custody Nominees (Australia) Limited A/C 2 4,009,677 0.43%
    Bnp Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 3,299,394 0.35%
    Ms Amanda Margaret Lacaze & Mr Wayne Vincent Morgan <The Morgan Lacaze A/C> 2,778,965 0.30%
    Merrill Lynch (Australia) Nominees Pty Limited 2,648,962 0.28%
    Netwealth Investments Limited <Wrap Services A/C> 2,620,028 0.28%
    Bnp Paribas Noms (Nz) Ltd <Drp> 1,987,623 0.21%
    Bnp Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> 1,982,536 0.21%
    Hsbc Custody Nominees (Australia) Limited i 1,737,771 0.19%
    Mutual Trust Pty Ltd 1,579,417 0.17%

    Profile

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