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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Lynas Corporation Limited    LYC   AU000000LYC6

LYNAS CORPORATION LIMITED

(LYC)
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Lynas : Pentagon, Lynas sign contract to kick off design work for U.S. rare earths facility

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07/26/2020 | 08:16pm EDT
FILE PHOTO: A general view of the Lynas Advanced Materials Plant in Gebeng, Pahang.

Rare earth producer Lynas Corp said on Monday it signed a contract with the U.S. Department of Defense to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for.

The 'Phase 1' funding forms part of a concerted effort by Washington to reduce the United States' reliance on China as the world's largest producer of the strategic minerals used to make missiles, cell phones to a ranger of other high-tech equipment.

Lynas, the largest rare earth producer outside China, expects to finish the planning and design work for the facility in fiscal 2021.

The facility will process heavy rare earths sourced from Lynas' flagship Mt Weld mine in Western Australia, which the company says will then become the "only source of separated Heavy Rare Earths outside China."

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Kim Coghill)


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Financials
Sales 2021 399 M 280 M 280 M
Net income 2021 61,3 M 43,0 M 43,0 M
Net cash 2021 303 M 213 M 213 M
P/E ratio 2021 42,3x
Yield 2021 -
Capitalization 2 541 M 1 795 M 1 783 M
EV / Sales 2021 5,61x
EV / Sales 2022 3,85x
Nbr of Employees -
Free-Float 95,3%
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Mean consensus BUY
Number of Analysts 6
Average target price 3,40 AUD
Last Close Price 2,83 AUD
Spread / Highest target 43,1%
Spread / Average Target 20,1%
Spread / Lowest Target 2,47%
EPS Revisions
Managers
NameTitle
Amanda M. Lacaze Chief Executive Officer, Executive Director & MD
Kathleen Marie Conlon Non-Executive Chairman
Gaudenz Sturzenegger Chief Financial Officer
Philippe G. Etienne Independent Non-Executive Director
John Scott Humphrey Independent Non-Executive Director
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