Brokerages Set Lithium Americas (Argentina) Corp. (TSE:LAR) Price Target at C$13.38

Lithium Americas (Argentina) Corp. (TSE:LAR) has been assigned an average rating of “Strong Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$13.38.

LAR has been the topic of several research analyst reports. TD Securities lifted their price target on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Canaccord Genuity Group lifted their price target on shares of Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the stock a “buy” rating in a research note on Tuesday, March 24th.

Lithium Americas (Argentina) Trading Down 9.7%

Lithium Americas (Argentina) stock opened at C$12.34 on Wednesday. The stock has a market cap of C$2.02 billion, a P/E ratio of -32.47 and a beta of 1.88. The company has a fifty day simple moving average of C$11.45 and a 200-day simple moving average of C$9.54. Lithium Americas has a 12-month low of C$2.36 and a 12-month high of C$16.46.

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