Lithium Americas (Argentina) (TSE:LAR) Upgraded at TD Securities

Lithium Americas (Argentina) (TSE:LAR) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also commented on LAR. HSBC upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Scotiabank raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Lithium Americas (Argentina) Price Performance

Shares of TSE:LAR opened at C$9.31 on Monday. The company has a market cap of C$1.51 billion, a P/E ratio of -18.62 and a beta of 1.71. The stock’s fifty day moving average price is C$8.92 and its 200-day moving average price is C$6.58. Lithium Americas has a 1 year low of C$2.36 and a 1 year high of C$12.03.

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

About Lithium Americas (Argentina)

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’.