Bank of New York Mellon (BNY) has an average rating of overweight and mean price target of $169.21, according to analysts polled by FactSet.
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Price: $159.92, Change: $+1.03, Percent Change: +0.65%
(Updates to add stock movement in the headline and the last paragraph)Lynas Rare Earths (ASX:LYC) reported fiscal fourth-quarter gross sales revenue of AU$288.9 million, up 70% from a year earlier and the highest quarterly revenue achieved since the fourth quarter of fiscal 2022, according to a Wednesday filing with the Australian bourse.The company also reported total rare earth oxide production of 3,481 tonnes for the three months ended June 30, up from 3,212 tonnes in the year-ago period, per the filing.Cash payments for capital expenditure, exploration, and development hit AU$27.8 million, compared with AU$88.1 million a year earlier.Lynas Rare Earths said it achieved production of its first Samarium oxide in March and expects to fulfill initial customer orders in the current quarter.The company's shares fell around 6% in recent Wednesday trade.
Rocket Lab (RKLB) was awarded a $266 million firm-fixed-price completion contract for suborbital launch vehicles, the US Department of Defense said Tuesday.Work for the Air Force project is expected to be completed by Dec.31, 2028, according to a statement.
Major digital assets rose Tuesday, with Bitcoin (BTC-USD) topping the $66,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.7% in the past 24 hours. The Nasdaq 100 rose 2%, the S&P 500 added 0.9%, and the Dow Jones Industrial Average increased 0.7%.Bitcoin rose 2.1% to $66,425, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 4.2% to $29.31 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed up 1.4% to $1,923.XRP (XRP-USD) gained 3.8%, BNB (BNB-USD) rose 0.2%, and Solana (SOL-USD) added 0.5%. Dogecoin (DOGE-USD) gained 2.1%, while Cardano (ADA-USD) surged 2.3%.The US 10-year Treasury yield stood at 5.141% at 3 p.m. ET Tuesday, up from 5.122% Monday, while the five-year yield rose to 4.368% from 4.330%.The total market value of the cryptocurrency industry rose 1.5% in the past 24 hours to $2.26 trillion, with trading volume gaining 0.1% to $69.64 billion.Price: $66439.62, Change: $+1225.52, Percent Change: +1.88%