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Lynas Rare Earths ( (AU:LYC) ) just unveiled an update.
Lynas Rare Earths Limited has announced a change in the substantial holding of its shares, with State Street Global Advisors and its affiliates adjusting their voting power. The change in holdings reflects a shift in the voting power from 7.46% to 8.53%, indicating an increased stake in Lynas Rare Earths. This adjustment in shareholding could influence the company’s strategic decisions and impact its market positioning, as State Street Global Advisors is a significant player in the financial sector.
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: 4,917,515
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.61B
For a thorough assessment of LYC stock, go to TipRanks’ Stock Analysis page.