Lithium Americas (Argentina) (TSE:LAR) Posts Quarterly Earnings Results

Lithium Americas (Argentina) (TSE:LAR) posted its quarterly earnings results on Monday. The company reported C($0.40) earnings per share for the quarter, FiscalAI reports.

Lithium Americas (Argentina) Price Performance

LAR stock traded up C$0.09 during trading on Wednesday, reaching C$5.79. 72,843 shares of the company were exchanged, compared to its average volume of 214,901. Lithium Americas has a twelve month low of C$2.36 and a twelve month high of C$7.62. The company has a market capitalization of C$939.72 million, a price-to-earnings ratio of -52.64 and a beta of 1.84. The company has a 50-day moving average of C$5.41 and a two-hundred day moving average of C$4.07.

Wall Street Analysts Forecast Growth

LAR has been the subject of several analyst reports. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Scotiabank cut Lithium Americas (Argentina) from an “outperform” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Lithium Americas (Argentina)

Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co Ltd, is operating the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region.