Canaccord lifts Lynas stock target from AUD 20.00 to AUD 22.00

Published on 10/20/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

June revenue rose 86.72 percent to AUD 564.26 million. Lynas stock costs EUR 7.14 on October 20, 2026, up 0.99 percent versus Tradegate close.

Canaccord target update

On October 16, 2026, Canaccord Genuity raised its Lynas target from AUD 20.00 to AUD 22.00.
June-quarter revenue rose 86.72 percent to AUD 564.26 million.
Lynas stock cost EUR 7.14 at Lang & Schwarz on October 20, 2026 at 6:35 p.m. CEST, 0.99 percent above the Tradegate close.
Lynas is scheduled to report first-quarter fiscal 2027 results on October 29, 2026.

Lynas, AU000000LYC6, Illustration mit AI erstellt.

Lynas Rare Earths received a higher valuation from Canaccord Genuity on October 16, 2026, when the broker increased its target to AUD 22.00 from AUD 20.00 after updating its model for the proposed Meteoric Resources acquisition, FNArena reported. At Lang & Schwarz, Lynas stock was trading at EUR 7.14 on October 20, 2026 at 6:35 p.m. CEST, 0.99 percent above the Tradegate close of October 19, 2026 at EUR 7.07.

Revenue gives the target context

Lynas generated AUD 564.26 million of revenue in the June 2026 quarter, compared with AUD 302.20 million a year earlier. The figures, reported by Markets Insider on October 13, 2026, put the year-over-year increase at 86.72 percent. Net profit also rose to AUD 142.14 million from AUD 2.14 million.

How far does the target reach?

Canaccord's AUD 22.00 target stands 93.83 percent above the AUD 11.35 ASX price cited in the October 16 broker report. The target reflects the expected operating contribution from Caldeira in Brazil, including modeled separation capacity of 16 kilotonnes per year from 2032.

Price position and valuation

The finance profile places Lynas at a market capitalization of AUD 11.4 billion on October 20, 2026, with a price-to-earnings ratio of 51.22. Its 52-week range is AUD 10.81 to AUD 22.37, leaving the Lang & Schwarz price 68.09 percent below the upper end and 33.24 percent above the lower end.

The next reported company date is October 29, 2026, when Lynas is scheduled to publish first-quarter fiscal 2027 results, as listed by Simply Wall St. The annual meeting is scheduled for November 25, 2026, according to the company's shareholder letter carried by Listcorp.

Comparison with peers

Lynas: 0.99 percent above the Tradegate close, price-to-earnings ratio 51.22, market capitalization AUD 11.4 billion.

MP Materials (NYSE, USD): up 1.51 percent on October 20, 2026, price-to-earnings ratio minus 115.49, market capitalization USD 7.0 billion.

Iluka Resources (ASX, AUD): down 0.76 percent on October 20, 2026, price-to-earnings ratio minus 5.49, market capitalization AUD 2.2 billion.

Stock stays below its yearly high

Lynas remains closer to its 52-week low than its high, while the broker target points to a materially higher valuation in Australian dollars. The next results date offers the next company-specific test of revenue growth and project execution.

The further course of trading is shown by the continuously updated real-time quote of Lynas stock.