Challenger Limited Increases Stake in Lynas Rare Earths
Challenger Limited has increased its stake in Lynas Rare Earths Ltd, raising its voting power from 5.08% to 6.12%. This change reflects a rise in shares held and may influence shareholder dynamics and strategic decisions at Lynas. The latest analyst rating for Lynas (AU:LYC) is a Buy, with a price target of A$7.15. Lynas Rare Earths has a current market cap of A$8.68B and an average trading volume of 4,998,774 shares.
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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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