Lithium Argentina (NYSE:LAR – Get Free Report) had its target price reduced by investment analysts at Scotiabank from $4.00 to $3.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 42.28% from the stock’s previous close.
Lithium Argentina Stock Down 2.0 %
NYSE:LAR opened at $2.46 on Wednesday. The company has a market capitalization of $398.35 million, a P/E ratio of 0.32 and a beta of 1.36. Lithium Argentina has a 1-year low of $1.96 and a 1-year high of $5.79.
Lithium Argentina (NYSE:LAR – Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. On average, equities analysts forecast that Lithium Argentina will post -0.05 EPS for the current fiscal year.
Lithium Argentina Company Profile
Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.
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