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

Lithium Americas (Argentina) (TSE:LAR) posted its earnings results on Tuesday. The company reported C$0.07 earnings per share (EPS) for the quarter, FiscalAI reports.

Lithium Americas (Argentina) Trading Down 1.5%

Shares of TSE LAR traded down C$0.24 during mid-day trading on Tuesday, reaching C$15.92. The company had a trading volume of 72,381 shares, compared to its average volume of 317,756. The company has a 50-day moving average price of C$10.95 and a two-hundred day moving average price of C$9.19. The stock has a market cap of C$2.59 billion, a PE ratio of -33.87 and a beta of 1.88. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$16.46.

Analyst Upgrades and Downgrades

LAR has been the subject of several analyst reports. Canaccord Genuity Group boosted 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. Scotiabank raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Securities boosted their price target 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, HSBC raised Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, January 19th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, Lithium Americas (Argentina) has a consensus rating of “Strong Buy” and an average target price of C$13.38.

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’.