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 $8.22 billion
P/E Ratio 50.76
Dividend Yield N/A
Shares Outstanding 902.41 million
Earnings per share 0.180
Dividend per share N/A
Year To Date Return 128.89%
Earnings Yield 1.97%
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 Rare Earths Ltd (ASX: LYC) is the world’s second-largest producer of rare earths and the 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 mines 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 company name was changed to Lynas Rare Earths Ltd in December 2020.

LYC Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
02 Dec 2021 $9.11 $0.00 0.00% 6,705,255 $9.08 $9.19 $9.02
01 Dec 2021 $9.11 $0.24 2.71% 4,685,969 $8.84 $9.16 $8.77
30 Nov 2021 $8.87 $0.37 4.35% 6,619,734 $8.65 $8.95 $8.65
29 Nov 2021 $8.50 $0.05 0.59% 7,582,128 $8.27 $8.53 $8.27
26 Nov 2021 $8.45 $-0.30 -3.43% 4,138,515 $8.70 $8.73 $8.38
25 Nov 2021 $8.75 $0.08 0.92% 4,067,880 $8.67 $8.80 $8.66
24 Nov 2021 $8.67 $0.05 0.58% 3,168,051 $8.42 $8.69 $8.42
23 Nov 2021 $8.62 $0.06 0.70% 3,066,312 $8.57 $8.71 $8.40
22 Nov 2021 $8.56 $0.30 3.63% 4,769,000 $8.25 $8.60 $8.25
19 Nov 2021 $8.26 $-0.04 -0.48% 3,866,475 $8.30 $8.33 $8.18
18 Nov 2021 $8.30 $0.16 1.97% 6,165,031 $8.20 $8.34 $8.14
17 Nov 2021 $8.14 $0.11 1.37% 2,404,950 $8.00 $8.19 $7.97
16 Nov 2021 $8.03 $0.02 0.25% 3,280,399 $7.95 $8.12 $7.89
15 Nov 2021 $8.01 $-0.04 -0.50% 7,898,456 $8.10 $8.22 $7.98
12 Nov 2021 $8.05 $0.21 2.68% 5,332,321 $7.90 $8.09 $7.85
11 Nov 2021 $7.84 $0.13 1.69% 3,645,300 $7.60 $7.88 $7.51
10 Nov 2021 $7.71 $-0.09 -1.15% 4,689,758 $7.75 $7.80 $7.65
09 Nov 2021 $7.80 $0.55 7.59% 9,389,589 $7.41 $7.89 $7.36
08 Nov 2021 $7.25 $-0.05 -0.68% 2,883,194 $7.35 $7.46 $7.21
05 Nov 2021 $7.30 $-0.03 -0.41% 3,318,922 $7.50 $7.50 $7.27
04 Nov 2021 $7.33 $0.03 0.41% 2,082,013 $7.35 $7.37 $7.22
03 Nov 2021 $7.30 $0.18 2.53% 4,405,689 $7.26 $7.46 $7.24
02 Nov 2021 $7.12 $-0.37 -4.94% 3,333,531 $7.59 $7.59 $7.09

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
13 Sep 2021 Amanda Lacaze Exercise 55 $416,598
Conversion of convertible notes. 1,283,349 - Employee Performance Rights
13 Sep 2021 Amanda Lacaze Buy 55 $416,598
Conversion of securities.
13 Sep 2021 Amanda Lacaze Expiry 176 $1,323,361
As advised by the company. 1,339,044 - Employee Performance Rights
Lapse of Employee Performance Rights
13 Sep 2021 Amanda Lacaze Sell 350 $2,505,779
On-market trade.
06 Sep 2021 Vanessa Guthrie Buy 4 $27,196
On-market trade.
02 Sep 2021 Amanda Lacaze Buy 997 $6,812,856
Conversion of securities.
02 Sep 2021 Amanda Lacaze Exercise 997 $6,812,856
Conversion of securities. 1,515,964 - Employee Performance Rights
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.

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. 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 the Dean of the Faculty of Law at Queensland University of Technology from January 2013 until June 2019. He was a Senior Partner at King & Woods Mallesons between 1998 and 2012 and a Partner at Corrs Chambers Westgarth between 1980 and 1998. He is an experienced Non-Executive Director having previously been Chairman and a Non-Executive Director of Spotless Group Holdings until 31 January 2021 and Chairman and Non-Executive Director of Auswide Bank Limited (formerly Wide Bay Australia Limited) until 31 December 2020. 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. Mr Humphrey is the Chair of the Nomination, Remuneration and Community Committee and a member of the Audit and Risk Committee.
Ms Kathleen Marie Conlon Non-Executive DirectorNon-Executive Chairman Nov 2011
Ms Conlon was appointed as a Non-Executive Director from 1 November 2011. Ms Conlon is currently a Non-Executive Director of REA Group Limited, Aristocrat Leisure Limited, BlueScope Steel Limited and The Benevolent Society and is a former Non-Executive Director of CSR Limited. She is a member of Chief Executive Women, former President of the NSW division of the Australian Institute of Company Directors and a former member of the National Board of the Australian Institute of Company Directors. Ms Conlon is a former Chairperson of the audit committee of the Commonwealth Department of Health. Prior to her Non-Executive Director career, Ms Conlon spent 20 years in professional consulting where she successfully assisted companies to achieve increased shareholder returns through strategic and operational improvements in a diverse range of industries. Ms Conlon is one of the pre-eminent thought leaders in the area of operations and change management, both in Australia and globally. In 2003, Ms Conlon was awarded the Commonwealth Centenary medal for services to business leadership. Ms Conlon is a member of the Nomination, Remuneration and Community Committee and the Health, Safety and Environment 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 has qualifications in geology, environment, law and business management including a PhD in Geology and over 30 years' experience in the resources sector. Dr Guthrie is currently a non-executive Director of Santos Limited, Tronox Holdings PLC and Cricket Australia, a Lead Independent Director and Deputy Chair of Adbri Limited, and Pro-Chancellor of Curtin University. Dr Guthrie was formerly the Deputy Chair of the WACA and non-executive Director of the Australian Broadcasting Corporation. In 2017, Dr Guthrie was awarded an Honorary Doctor of Science from Curtin University for her contribution to sustainability, innovation and policy leadership in the resources industry. Dr Guthrie was appointed an Officer of the Order of Australia in 2021 for contribution to the minerals and resources sector. Dr Guthrie is a member of the Nomination, Remuneration and Community Committee and the Health, Safety and
Environment Committee.
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. 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. Mr Murdoch is currently a Non-Executive Director and chair of the audit committee of the listed entity OFX Ltd and Auswide Bank Ltd (from 1 January 2021). 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. Mr Murdoch is the Chair of the Audit and Risk Committee and a member of the Nomination, Remuneration and 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 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. Mr Etienne is a graduate of the Australian Institute of Company Directors. 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 Audit and 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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P. Le Roux Vice President - Downstream
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M. Ahmad Vice President - Malaysia
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K. Leung Vice President - Upstream
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
Hsbc Custody Nominees (Australia) Limited 287,859,974 31.91%
J P Morgan Nominees Australia Pty Limited 113,988,611 12.64%
Citicorp Nominees Pty Limited 101,722,199 11.28%
National Nominees Limited 50,682,338 5.62%
BNP Paribas Nominees Pty Ltd Acf Clearstream 30,611,408 3.39%
BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 15,690,812 1.74%
BNP Paribas Noms Pty Ltd <Drp> 11,915,121 1.32%
Merrill Lynch (Australia) Nominees Pty Limited 9,332,906 1.04%
BNP Paribas Nominees Pty Ltd Six SIS Ltd <DRP A/C> 7,233,214 0.80%
Argo Investments Limited 6,779,221 0.75%
HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 4,894,301 0.54%
Hsbc Custody Nominees (Australia) Limited A/C 2 4,630,563 0.51%
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 4,617,201 0.51%
Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 3,545,149 0.39%
Ms Amanda Margaret Lacaze & Mr Wayne Vincent Morgan <The Morgan Lacaze A/C> 2,626,472 0.29%
HSBC Custody Nominees (Australia) Limited I 2,226,566 0.25%
Malay-Sino Chemical Industries Sendirian Berhad 2,107,686 0.23%
Ecapital Nominees Pty Limited <Accumulation A/C> 2,085,398 0.23%
Mr Junshi Wang 2,058,500 0.23%
Netwealth Investments Limited <Wrap Services A/C> 1,577,867 0.18%

Frequently Asked Questions

No. As at November 2021, Lynas does distribute dividend payments to its shareholders.

Shares in Lynas Rare Earths Ltd can be purchased through a broker, and are traded on the ASX under the code: LYC

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