Lithium Americas (Argentina) Corp. (TSE:LAR) Receives Average Rating of “Strong Buy” from Brokerages

Lithium Americas (Argentina) Corp. (TSE:LAR) has been assigned an average rating of “Strong Buy” from the five analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$13.38.

LAR has been the topic of a number of analyst reports. HSBC raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. TD Securities increased their price objective on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Canaccord Genuity Group raised their target price on shares of Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the company a “buy” rating in a research note on Tuesday, March 24th.

Lithium Americas (Argentina) Stock Performance

Shares of TSE:LAR opened at C$15.64 on Wednesday. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$16.46. The company’s fifty day moving average is C$11.04 and its two-hundred day moving average is C$9.27. The stock has a market capitalization of C$2.54 billion, a price-to-earnings ratio of -33.28 and a beta of 1.88.

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