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Lithium Americas (Argentina) (TSE:LAR – Get Free Report) issued its earnings results on Tuesday. The company reported C$0.07 earnings per share (EPS) for the quarter, FiscalAI reports.
Lithium Americas (Argentina) Trading Down 3.2%
Shares of LAR stock opened at C$15.64 on Wednesday. Lithium Americas has a 12 month low of C$2.36 and a 12 month high of C$16.46. The stock has a market cap of C$2.54 billion, a PE ratio of -33.28 and a beta of 1.88. The company’s fifty day moving average price is C$11.04 and its 200-day moving average price is C$9.27.
Wall Street Analyst Weigh In
Several research firms recently weighed in on LAR. Canaccord Genuity Group lifted their price target on shares of Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the company a “buy” rating in a report on Tuesday, March 24th. HSBC upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Finally, TD Securities lifted their price target on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Lithium Americas (Argentina) currently has a consensus rating of “Strong Buy” and a consensus target price of C$13.38.
Lithium Americas (Argentina) Company Profile
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’.
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