Canaccord sets AUD 22.00 target for Lynas stock
Published on 10/24/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets and earnings
- Canaccord Genuity maintained a Buy rating and set an AUD 22.00 target on October 16, 2026.
- Lynas reported AUD 977.9 million in fiscal year 2026 revenue, up 76.00 percent year over year.
- Lynas stock costs EUR 6.80 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.
Lynas stock (AU000000LYC6) is trading at EUR 6.80 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. Canaccord Genuity maintained its Buy rating and set an AUD 22.00 price target on October 16, 2026, according to Markets Insider.
Targets remain above the market
The Canaccord target stands AUD 11.29 above the latest ASX price of AUD 10.71 on October 23, 2026, a difference of 105.41 percent. The target followed Morgan Stanley's Buy rating and AUD 14.65 target dated October 12, 2026, as reported by Markets Insider.
Revenue reached AUD 977.9 million
Lynas reported AUD 977.9 million in revenue for fiscal year 2026, up 76.00 percent from AUD 556.5 million in fiscal year 2025. Net profit rose to AUD 222.4 million from AUD 8.0 million over the same periods, according to Veye.
Price position stays weak
On the ASX, Lynas last traded at AUD 10.71 on October 23, 2026 at 3:15 p.m. AEDT. The same quotation showed a 52-week range of AUD 10.71 to AUD 22.37, placing the latest price at the lower end of that range. Market capitalization was AUD 10.8 billion.
October 29 brings the next report
Simply Wall St lists October 29, 2026 as the date for Lynas to report first-quarter 2027 results. The company also has an annual meeting scheduled for November 25, 2026. The upcoming report will put production, prices and costs alongside the strong fiscal year 2026 comparison.
Comparison with peers
MP Materials (NYSE, USD): minus 0.67 percent on October 23, 2026, P/E minus 111.76, market capitalization USD 6.8 billion.
Energy Fuels (NYSE American, USD): minus 2.21 percent on October 23, 2026, P/E minus 22.45, market capitalization USD 2.0 billion.
What the next figures will test
Lynas enters the next reporting date with much stronger annual revenue and profit than in fiscal year 2025, but its ASX quotation remains near the reported 52-week low. Production delivery and cost control will determine whether the improved earnings base can support the targets cited in October.
The further course of trading is shown by the continuously updated real-time quote of Lynas stock.
Lynas Rare Earths at a glance
- Company: Lynas Rare Earths Limited
- ISIN: AU000000LYC6
- Ticker: LYC
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 24, 2026, 1:04 p.m. CEST): EUR 6.80
- Market capitalization: AUD 10.8 billion (as of October 23, 2026)
- 52-week range: AUD 10.71-22.37 (as of October 23, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
Market context: Market report S&P ASX 200.
