Lithium Americas (Argentina) (TSE:LAR) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Lithium Americas (Argentina) (TSE:LAR) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Separately, Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Lithium Americas (Argentina) Stock Performance

LAR stock opened at C$11.29 on Monday. The firm has a fifty day moving average price of C$8.03 and a 200 day moving average price of C$5.93. Lithium Americas has a fifty-two week low of C$2.36 and a fifty-two week high of C$12.03. The firm has a market cap of C$1.83 billion, a PE ratio of -22.58 and a beta of 1.91.

Lithium Americas (Argentina) (TSE:LAR) last released its quarterly earnings results on Monday, November 10th. The company reported C($0.40) earnings per share (EPS) for the quarter.

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’.