Lithium Americas (Argentina) Corp. (NYSE:LAR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.3167.
Several research firms have recently issued reports on LAR. Scotiabank reduced their price target on Lithium Americas (Argentina) from $10.00 to $9.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lithium Americas (Argentina) in a report on Thursday, July 2nd. Stifel Nicolaus upped their price objective on Lithium Americas (Argentina) from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Finally, Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th.
Check Out Our Latest Stock Report on LAR
Institutional Trading of Lithium Americas (Argentina)
Lithium Americas (Argentina) Price Performance
Shares of NYSE LAR opened at $6.71 on Wednesday. Lithium Americas has a fifty-two week low of $2.97 and a fifty-two week high of $12.05. The firm has a market capitalization of $1.10 billion and a P/E ratio of -19.72. The company’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $7.87.
Lithium Americas (Argentina) (NYSE:LAR – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). During the same period in the previous year, the business earned ($0.03) EPS. Sell-side analysts expect that Lithium Americas will post 0.17 EPS for the current fiscal year.
Lithium Americas (Argentina) Company Profile
Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.
The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.
Further Reading
- Five stocks we like better than Lithium Americas (Argentina)
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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.
