Lithium Americas (Argentina) (TSE:LAR) Stock Price Up 2.4% – What’s Next?

Lithium Americas (Argentina) Corp. (TSE:LAR)’s stock price was up 2.4% during trading on Monday . The company traded as high as C$11.33 and last traded at C$11.30. Approximately 76,103 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 282,243 shares. The stock had previously closed at C$11.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LAR shares. TD Securities raised their price objective on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Canaccord Genuity Group increased their target price on Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the company a “buy” rating in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$13.38.

Lithium Americas (Argentina) Stock Performance

The firm has a 50-day moving average price of C$13.28 and a two-hundred day moving average price of C$10.85. The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of -30.87 and a beta of 2.34.

Lithium Americas (Argentina) (TSE:LAR) last announced its quarterly 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’.