Lithium Americas (Argentina) Corp. (TSE:LAR) Receives Average Recommendation of “Strong Buy” from Analysts

Lithium Americas (Argentina) Corp. (TSE:LARGet Free Report) has been assigned a consensus rating of “Strong Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$13.38.

LAR has been the subject of several research reports. TD Securities raised their price target on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Canaccord Genuity Group raised their price objective on shares of Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, HSBC raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th.

Check Out Our Latest Research Report on Lithium Americas (Argentina)

Lithium Americas (Argentina) Price Performance

Shares of LAR opened at C$15.64 on Wednesday. Lithium Americas has a one year low of C$2.36 and a one year high of C$16.46. The company has a 50-day moving average of C$11.04 and a two-hundred day moving average of C$9.27. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of -33.28 and a beta of 1.88.

Lithium Americas (Argentina) (TSE:LARGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.07 EPS for the quarter.

About Lithium Americas (Argentina)

(Get Free Report)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.

Recommended Stories

Analyst Recommendations for Lithium Americas (Argentina) (TSE:LAR)

Receive News & Ratings for Lithium Americas (Argentina) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas (Argentina) and related companies with MarketBeat.com's FREE daily email newsletter.