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

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Lynas Corporation Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $6.82 billion
P/E Ratio 476.19
Dividend Yield N/A
Shares Outstanding 901.08 million
Earnings per share 0.015
Dividend per share N/A
Year To Date Return 85.68%
Earnings Yield 0.21%
Franking N/A
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as at 24 Feb 3:44pm

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Lynas Rare Earths Ltd (ASX: LYC)
Latest News

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 Corporation Ltd (ASX:LYC) is the world’s second largest producer of rare earths and only significant producer outside China. Rare earths are essential components to​ high growth global manufacturing supply chains, including digital age technologies and green technologies such as electric vehicles and wind turbines.

Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. Assets include its Mt Weld mine and Mt Weld Concentration Plant in Western Australia, and a manufacturing facility in Malaysia. The company’s resource deposit in Mt Weld is acknowledged as one of the highest grade rare earths mine in the world.

Lynas started in WA in 1983 as Yilgangi Gold before changing its name to Lynas Gold in 1985. It was renamed Lynas Corporation Limited in 2000 and changed its ASX industry classification from gold to other metals in 2002. The Lynas share price soared to almost $25 per share in April 2011 before plunging as low as 0.34 cents in July 2015. It is trading around $2.40 in September 2020.

LYC Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
03 Aug 2021 $7.68 $0.29 3.92% 5,356,332 $7.49 $7.68 $7.41
02 Aug 2021 $7.39 $0.05 0.68% 7,185,826 $7.56 $7.59 $7.23
30 Jul 2021 $7.34 $0.16 2.23% 5,581,609 $7.25 $7.43 $7.25
29 Jul 2021 $7.18 $0.19 2.72% 6,177,896 $7.03 $7.18 $7.00
28 Jul 2021 $6.99 $-0.02 -0.29% 9,473,214 $6.80 $7.12 $6.71
27 Jul 2021 $7.01 $-0.10 -1.41% 11,868,283 $7.04 $7.20 $6.95
26 Jul 2021 $7.11 $0.68 10.58% 17,187,209 $6.60 $7.12 $6.55
23 Jul 2021 $6.43 $0.02 0.31% 6,015,530 $6.35 $6.48 $6.26
22 Jul 2021 $6.41 $0.53 9.01% 7,482,669 $6.08 $6.43 $6.08
21 Jul 2021 $5.88 $0.15 2.62% 6,587,763 $5.91 $6.05 $5.78
20 Jul 2021 $5.73 $-0.17 -2.88% 5,917,429 $5.71 $5.89 $5.66
19 Jul 2021 $5.90 $-0.27 -4.38% 5,846,237 $6.06 $6.08 $5.89
16 Jul 2021 $6.17 $0.11 1.82% 3,653,372 $6.07 $6.19 $6.02
15 Jul 2021 $6.06 $0.02 0.33% 2,678,217 $6.03 $6.11 $6.00
14 Jul 2021 $6.04 $-0.36 -5.63% 7,920,382 $6.32 $6.34 $6.02
13 Jul 2021 $6.40 $0.10 1.59% 7,459,899 $6.40 $6.55 $6.36
12 Jul 2021 $6.30 $0.17 2.77% 4,671,488 $6.33 $6.34 $6.20
09 Jul 2021 $6.13 $0.04 0.66% 5,105,425 $6.03 $6.15 $5.94
08 Jul 2021 $6.09 $0.24 4.10% 5,606,135 $5.97 $6.09 $5.97
07 Jul 2021 $5.85 $0.23 4.09% 4,802,692 $5.67 $5.86 $5.64
06 Jul 2021 $5.62 $-0.12 -2.09% 2,916,167 $5.78 $5.79 $5.62

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
03 Feb 2021 Amanda Lacaze Sell 700 $3,532,130
On-market trade.
02 Feb 2021 Vanessa Guthrie Buy 6 $29,424
On-market trade.
27 Nov 2020 Amanda Lacaze Issued 473 $1,742,137
Issue of securities. 2,513,454 - Employee Performance Rights.
14 Sep 2020 Grant Murdoch Issued 18 $42,566
Rights issue.
14 Sep 2020 Philippe Etienne Issued 8 $19,904
Rights issue.
14 Sep 2020 John Humphrey Issued 6 $14,936
Rights issue.
14 Sep 2020 Richard (Mike) Harding Issued 8 $19,467
Rights issue.
14 Sep 2020 Kathleen Conlon Issued 15 $34,536
Rights issue.
14 Sep 2020 Amanda Lacaze Issued 8 $19,924
Rights issue.
14 Sep 2020 Amanda Lacaze Sell 1 $2,625,052
On-market trade.
14 Sep 2020 Amanda Lacaze Issued 35 $80,870
Rights issue.
11 Sep 2020 Amanda Lacaze Exercise 109 $260,863
Conversion of securities. 2,182,056 - Performance Rights
Reported date of change seems typo, collected considering reconciliation.
11 Sep 2020 Amanda Lacaze Cancelled 142 $339,401
Cancellation of securities. 2,040,047 - Performance Rights
11 Sep 2020 Amanda Lacaze Buy 109 $260,863
Conversion of securities. Reported date of change seems typo, collected considering reconciliation.

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 is a senior consultant to King & Wood Mallesons. He was the Dean of the Faculty of Law at Queensland University of Technology until June 2019. His key areas of expertise include mergers and acquisitions, corporate finance and corporate governance. He has held non-executive director positions at other listed companies over many years and is currently Chairman and Non- Executive Director of Auswide Bank Ltd (formerly Wide Bay Australia) and Spotless Group Holdings Ltd. His previous positions include Non- Executive Director of Horizon Oil Ltd, Deputy Chairman of King & Wood Mallesons, Non-Executive Director of Downer EDI Ltd, Villa World Ltd, and Sunshine Broadcasting Network Ltd. He has also served as a member of the Australian Takeovers Panel. Mr Humphrey is a member of the Risk Committee and Community Committee.
Ms Kathleen Marie Conlon Non-Executive DirectorNon-Executive Chairman Nov 2011
Ms Conlon has knowledge and operational experience.Kathleen is currently the Chair of the Community Committee and a member of the Health, Safety and Environment Committee.
Dr Vanessa Ann Guthrie Non-Executive Director Oct 2020
Dr Guthrie is an experienced Board director with over 30 years' experience in the resources sector. Vanessa has operational and major projects experience in the resources industry in Western Australia. She is currently Deputy Chair of the WACA, a non-executive Director of the Australian Broadcasting Corporation, Santos Limited and Tronox Holdings PLC, a Lead Independent Director and Deputy Chair of Adbri Limited, and Pro-Chancellor of Curtin University.
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 management roles at ICI Australia (now Orica and Incitec Pivot). Ms Lacaze's early experience was in consumer goods with Nestle. Ms Lacaze is currently a Non-Executive Director of ING Bank Australia Ltd.
Mr Grant Bruce Murdoch Non-Executive Director Oct 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. Mr Murdoch has 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. 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 (as well as chair of the risk committee and member of the finance committee), an adjunct professor at the University of Queensland Business School and a director of UQ Holdings Limited. He is a member of the AICD State Council for Queensland for the Australian Institute of Company Directors. Mr Murdoch is the Chair of the Risk Committee.
Mr Philippe Gerald Etienne Non-Executive Director Jan 2015
Mr Etienne is a Non-Executive Director of Cleanaway Waste Management Limited (formerly Transpacific Industries Group Ltd), Aristocrat Leisure Limited and Chairman of ANZ Terminals Pty Ltd. Mr Etienne was also the former Managing Director and Chief Executive Officer of Innovia Security Pty Ltd. Previously, he was 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 Committee.
Ms Sarah Leonard Company SecretaryGeneral Counsel Jan 2021
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G Sturzenegger CFO
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Sarah Leonard Company SecretaryGeneral Counsel
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M Ahmad MD Malaysia
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M Afzan Afza VP People & Culture
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K Leung VP Production
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P Le Roux VP Sales & Marketing
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees 207,088,671 24.34%
J P Morgan Nominees Australia Pty Ltd 132,308,459 15.55%
Citicorp Nominees Pty Limited 93,223,742 10.96%
National Nominees Limited 60,967,121 7.16%
Merrill Lynch (Australia) Nominees Pty Ltd 42,324,634 4.97%
BNP Paribas Nominees Pty Ltd 13,659,916 1.60%
BNP Paribas Noms Pty Ltd 9,783,238 1.15%
Argo Investments Limited 6,779,221 0.80%
HSBC Custody Nominees i 6,566,112 0.77%
Medich Capital Pty Ltd 6,090,940 0.72%
Medich Capital Pty Ltd i 5,600,000 0.66%
BNP Paribas Nominees Pty Ltd i 4,835,804 0.57%
Amanda Lacaze And Wayne Morgan < The Morgan Lacaze A/C> 4,286,889 0.50%
HSBC Custody Nominees ii 4,248,291 0.50%
Malay Sino Chemical Industries 3,107,686 0.36%
HSBC Custody Nominees iii 3,056,015 0.36%
Provedore Holdings Pty Limited 2,064,329 0.24%
HSBC Custody Nominees iv 2,056,766 0.24%
Ms Bo Xu 1,920,000 0.23%
BNP Paribas Nominees Pty Ltd ii 1,847,723 0.22%

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