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 $5.32 billion
P/E Ratio 25.63
Dividend Yield 0.00%
Shares Outstanding 934.69 million
Earnings per share 0.216
Dividend per share N/A
Year To Date Return -22.77%
Earnings Yield 3.90%
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as at 24 Feb 3:44pm

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

    Miner on his tablet next to a mine site.
    Resources Shares

    2022 was brutal for Lynas shares. What will this year bring?

    Are Lynas shares primed for a strong rebound this year?

    Read more »

    A group of businesspeople stand side by side, looking up, with serious but satisfied expressions on their faces.
    Opinions

    I think these are the 10 best ASX shares to buy for 2023

    The 2023 dream team has been assembled.

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    Five guys in suits wearing brightly coloured masks, they are corporate superheroes.
    Resources Shares

    5 ASX shares involved with rare earths (aside from Lynas)

    Have you invested in these critical minerals companies?

    Read more »

    Three satisfied miners with their arms crossed looking at the camera proudly
    Broker Notes

    Lynas share price 'still appears to have value': fundie

    This expert recommends buying the 20% dip in the Lynas share price this year.

    Read more »

    Female South32 miner smiling with mining machinery in the background.
    Materials Shares

    Why is the Lynas share price leaping higher today?

    We take a look at what Lynas reported at today's AGM.

    Read more »

    Broker looking at the share price on her laptop with green and red points in the background.
    Share Market News

    5 things to watch on the ASX 200 on Tuesday

    Here's what to expect on the ASX 200 on Tuesday...

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    Confident male executive dressed in a dark blue suit leans against a doorway with his arms crossed in the corporate office
    Resources Shares

    'Rare opportunity': Expert explains why he just added this ASX 200 share

    Strategist describes how the electric vehicle theme will push one stock into the stratosphere for patient investors.

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    A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
    IPOs

    Move over Lynas! This new Chris Ellison-backed rare earths company is set to hit the ASX

    The new year might bring new possibilities for ASX rare earths fans.

    Read more »

    A mining worker wearing a white hardhat and a high vis vest stands on a platform overlooking a huge mine, thinking about what comes next.
    Resources Shares

    Which are the best ASX mining shares to buy now for 2023?

    Investors could unearth some opportunities by digging into these shares.

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    Here are the top 10 ASX 200 shares today

    Take a guess which ASX 200 stock topped the lot on Wednesday.

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    The top 10 shares trading on the ASX today hail from the mining sector -- all bar one.

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    A man wearing a shirt, tie and hard hat sits in an office and marks dates in his diary.
    Materials Shares

    Why did Macquarie just downgrade Lynas shares?

    Will the Lynas share price go higher?

    Read more »

    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
    28 Mar 2024 $5.69 $0.16 2.89% 6,126,713 $5.51 $5.72 $5.51
    27 Mar 2024 $5.53 $-0.06 -1.07% 3,135,494 $5.49 $5.64 $5.49
    26 Mar 2024 $5.59 $-0.19 -3.29% 6,507,505 $5.74 $5.75 $5.53
    25 Mar 2024 $5.78 $-0.02 -0.34% 2,010,496 $5.79 $5.84 $5.77
    22 Mar 2024 $5.80 $-0.03 -0.51% 2,959,304 $5.82 $5.87 $5.76
    21 Mar 2024 $5.83 $0.03 0.52% 2,777,816 $5.90 $5.91 $5.80
    20 Mar 2024 $5.80 $0.07 1.22% 2,568,978 $5.70 $5.89 $5.69
    19 Mar 2024 $5.73 $-0.01 -0.17% 2,393,749 $5.76 $5.79 $5.69
    18 Mar 2024 $5.74 $-0.04 -0.69% 3,516,620 $5.73 $5.76 $5.70
    15 Mar 2024 $5.78 $-0.04 -0.69% 7,064,475 $5.78 $5.78 $5.65
    14 Mar 2024 $5.82 $0.02 0.34% 2,340,217 $5.75 $5.84 $5.73
    13 Mar 2024 $5.80 $-0.05 -0.85% 2,902,480 $5.83 $5.84 $5.76
    12 Mar 2024 $5.85 $0.05 0.86% 2,246,291 $5.80 $5.87 $5.79
    11 Mar 2024 $5.80 $-0.21 -3.49% 3,776,703 $5.95 $5.98 $5.79
    08 Mar 2024 $6.01 $-0.07 -1.15% 3,206,210 $6.13 $6.18 $5.99
    07 Mar 2024 $6.08 $0.26 4.47% 2,855,139 $5.88 $6.08 $5.87
    06 Mar 2024 $5.82 $-0.14 -2.35% 5,806,333 $5.83 $5.88 $5.73
    05 Mar 2024 $5.96 $-0.28 -4.49% 4,588,277 $6.08 $6.11 $5.91
    04 Mar 2024 $6.24 $0.13 2.13% 4,709,108 $6.14 $6.24 $6.02
    01 Mar 2024 $6.11 $0.27 4.62% 6,030,075 $5.99 $6.15 $5.93
    29 Feb 2024 $5.84 $-0.13 -2.18% 4,411,966 $5.95 $5.99 $5.80
    28 Feb 2024 $5.97 $0.30 5.29% 5,227,251 $5.79 $6.04 $5.74

    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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