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Challenger Limited Increases Stake in Lynas Rare Earths

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Challenger Limited Increases Stake in Lynas Rare Earths

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Lynas Rare Earths ( (AU:LYC) ) has shared an update.

Challenger Limited, along with its associated entities, has announced a change in its substantial holding in Lynas Rare Earths Ltd. The notice indicates a shift in voting power from 5.08% to 6.12%, reflecting an increase in the number of shares held. This adjustment in holdings could impact Lynas Rare Earths’ shareholder dynamics and influence its strategic decisions.

The most recent analyst rating on (AU:LYC) stock is a Buy with a A$7.15 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.

More about Lynas Rare Earths

Average Trading Volume: 4,998,774

Technical Sentiment Signal: Buy

Current Market Cap: A$8.68B

For an in-depth examination of LYC stock, go to TipRanks’ Overview page.

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