Lithium Americas (Argentina) (TSE:LAR) Upgraded at TD Securities

TD Securities upgraded shares of Lithium Americas (Argentina) (TSE:LAR) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on LAR. HSBC upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, January 19th. Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Lithium Americas (Argentina) presently has a consensus rating of “Strong Buy”.

Lithium Americas (Argentina) Trading Up 4.7%

TSE LAR opened at C$9.73 on Monday. The company has a fifty day simple moving average of C$9.01 and a 200 day simple moving average of C$6.64. Lithium Americas has a 12-month low of C$2.36 and a 12-month high of C$12.03. The company has a market cap of C$1.58 billion, a P/E ratio of -19.46 and a beta of 1.71.

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

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’.