Lithium Americas (Argentina) Corp. (TSE:LAR – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$14.22 and last traded at C$13.89, with a volume of 24848 shares traded. The stock had previously closed at C$14.03.
Analysts Set New Price Targets
Several research firms recently commented on LAR. Canaccord Genuity Group raised 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. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th. TD Securities raised 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. Finally, Scotiabank upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$13.38.
Check Out Our Latest Stock Report on Lithium Americas (Argentina)
Lithium Americas (Argentina) Trading Up 10.0%
Lithium Americas (Argentina) (TSE:LAR – Get Free Report) last announced its quarterly earnings results on Monday, March 23rd. The company reported C$0.01 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’.
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