Lithium Americas (Argentina) (TSE:LAR) Reaches New 12-Month High – What’s Next?

Lithium Americas (Argentina) Corp. (TSE:LAR)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$7.77 and last traded at C$7.75, with a volume of 298201 shares. The stock had previously closed at C$6.74.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LAR shares. Scotiabank downgraded Lithium Americas (Argentina) from an “outperform” rating to a “hold” rating in a research note on Wednesday, August 13th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. Finally, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Lithium Americas (Argentina) has a consensus rating of “Buy”.

Lithium Americas (Argentina) Price Performance

The stock’s fifty day simple moving average is C$5.58 and its 200-day simple moving average is C$4.19. The company has a market capitalization of C$1.24 billion, a P/E ratio of -15.22 and a beta of 1.84.

Lithium Americas (Argentina) (TSE:LAR) last posted its quarterly earnings data on Monday, November 10th. The company reported C($0.40) EPS for the quarter.

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.