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

Lithium Americas (Argentina) Corp. (TSE:LAR) has received a consensus recommendation of “Strong Buy” from the five ratings firms that are presently covering the stock, 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 target price among analysts that have covered the stock in the last year is C$13.38.

Several research firms have issued reports on LAR. Canaccord Genuity Group increased their target price on Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. TD Securities increased their target price on Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th.

Lithium Americas (Argentina) Trading Up 7.7%

Lithium Americas (Argentina) stock opened at C$13.48 on Friday. Lithium Americas has a 12 month low of C$2.61 and a 12 month high of C$16.46. The business’s 50 day simple moving average is C$12.92 and its 200 day simple moving average is C$10.41. The company has a market cap of C$2.21 billion, a price-to-earnings ratio of -35.47 and a beta of 2.34.

Lithium Americas (Argentina) (TSE:LAR) last posted its earnings results 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’.