Lithium Americas (Argentina) (TSE:LAR) Issues Quarterly Earnings Results

Lithium Americas (Argentina) (TSE:LAR) posted its quarterly earnings data on Monday. The company reported C($0.40) EPS for the quarter, FiscalAI reports.

Lithium Americas (Argentina) Price Performance

Shares of LAR traded up C$0.12 during trading hours on Wednesday, hitting C$5.82. The stock had a trading volume of 65,723 shares, compared to its average volume of 214,851. The firm has a market capitalization of C$944.59 million, a P/E ratio of -52.91 and a beta of 1.84. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$7.62. The firm has a 50 day simple moving average of C$5.41 and a 200-day simple moving average of C$4.07.

Wall Street Analyst Weigh In

LAR has been the topic of a number of recent analyst reports. Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. Finally, Scotiabank cut Lithium Americas (Argentina) from an “outperform” rating to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Lithium Americas (Argentina) has a consensus rating of “Buy”.

About Lithium Americas (Argentina)

Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co Ltd, is operating the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region.