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

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR) have been assigned an average recommendation of “Strong Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$13.38.

A number of analysts recently commented 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 research 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 research report on Tuesday, March 24th.

Lithium Americas (Argentina) Stock Performance

Lithium Americas (Argentina) stock opened at C$11.99 on Friday. The stock has a fifty day moving average of C$12.63 and a two-hundred day moving average of C$10.23. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of -31.55 and a beta of 2.34. Lithium Americas has a fifty-two week low of C$2.61 and a fifty-two week high of C$16.46.

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