Lynas Rare Earths stock gains 2.45 percent after Meteoric deal

Published on 10/04/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lynas Rare Earths stock closed at AUD 12.95 on October 2, 2026, with a 52-week low of AUD 12.15. FY2026 revenue reached AUD 977.95 million, up 76 percent year over year.

Lynas, AU000000LYC6, Illustration mit AI erstellt.

Lynas Rare Earths stock (ISIN AU000000LYC6) closed at AUD 12.95 on the ASX on October 2, 2026, up 2.45 percent from the previous close. The market is weighing Lynas' AUD 968 million all-share acquisition of Meteoric Resources, announced in a transaction that adds the Caldeira rare earths project in Brazil to the portfolio.

Meteoric deal expands resources

According to Indian Chemical News on October 4, 2026, Meteoric shareholders will receive 0.0207 Lynas shares for each Meteoric share. The consideration implies AUD 968 million in equity value and gives Lynas access to Caldeira's reported 802,000 tonnes of NdPr oxide and 41,000 tonnes of DyTb oxide resources.

The transaction would increase Lynas' reported Measured and Indicated TREO resources by 79 percent and its reported ore reserves by 26 percent on a pro forma basis, according to Indian Chemical News. Caldeira's definitive feasibility study targets average annual production of 3,862 tonnes of NdPr and 127 tonnes of DyTb over the project life.

Record FY2026 numbers support scale

Lynas entered the deal after a sharp improvement in reported earnings. Simply Wall St reports that fiscal year 2026 revenue reached AUD 977.95 million, up 76 percent from fiscal year 2025, while net income rose to AUD 222.35 million from AUD 7.99 million. The figures cover the year ended June 30, 2026.

That operating backdrop matters because the acquisition adds a development project rather than immediate production. The strategic upside is a larger supply base beyond China, while Brazil execution, permitting and project funding become additional variables for Lynas shareholders.

Analysts see AUD 17.279 target

Investing.com lists a Buy consensus from 12 analysts, with 8 Buy ratings, 2 Hold ratings and 2 Sell ratings. The average 12-month target is AUD 17.279, with a high of AUD 21.50 and a low of AUD 9.50, based on the AUD 12.95 reference price.

The stock's market reading remains mixed in scale and timing: the AUD 12.95 close sits AUD 9.42 below the 52-week high of AUD 22.37, while the latest annual results show a 76 percent revenue increase. The acquisition therefore links a stronger earnings base with a larger, capital-intensive growth plan.

Lynas stock closes at AUD 12.95

Lynas stock closed at AUD 12.95 on the ASX on October 2, 2026, with a daily gain of 2.45 percent, volume of 9,251,646 shares and a market capitalization of AUD 13.0 billion. The 52-week range was AUD 12.15 to AUD 22.37.