Lithium Americas (Argentina) Corp. (TSE:LAR) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR) have received an average rating of “Strong Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a buy rating and three have 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 C$13.38.

Several equities analysts recently issued reports on the company. TD Securities lifted their price objective on Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Canaccord Genuity Group lifted their price objective on Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the stock a “buy” rating in a report on Tuesday, March 24th.

Lithium Americas (Argentina) Trading Down 12.0%

Shares of LAR stock opened at C$11.99 on Friday. The company has a market cap of C$1.96 billion, a price-to-earnings ratio of -31.55 and a beta of 2.34. The stock has a 50 day simple moving average of C$12.63 and a 200-day simple moving average of C$10.23. Lithium Americas has a 12-month low of C$2.61 and a 12-month high of C$16.46.

Lithium Americas (Argentina) (TSE:LAR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.07 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’.