TD Securities Boosts Lithium Americas (Argentina) (TSE:LAR) Price Target to C$9.00

Lithium Americas (Argentina) (TSE:LAR) had its price target lifted by research analysts at TD Securities from C$7.00 to C$9.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential downside of 10.00% from the stock’s previous close.

Several other research analysts also recently commented on the company. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Scotiabank upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of C$13.38.

Lithium Americas (Argentina) Stock Performance

Shares of Lithium Americas (Argentina) stock opened at C$10.00 on Tuesday. Lithium Americas has a 52-week low of C$2.36 and a 52-week high of C$12.03. The stock has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -20.00 and a beta of 1.74. The company has a fifty day moving average of C$9.88 and a 200-day moving average of C$7.73.

Lithium Americas (Argentina) (TSE:LAR) last issued its earnings results on Monday, March 23rd. The company reported C$0.01 EPS for the quarter.

Insider Transactions at Lithium Americas (Argentina)

In other news, insider Ignacio Celorrio sold 50,453 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$10.11, for a total transaction of C$510,079.83. Following the completion of the transaction, the insider directly owned 324,110 shares of the company’s stock, valued at approximately C$3,276,752.10. This represents a 13.47% decrease in their ownership of the stock. Also, insider Daniel Cherniak sold 30,977 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$10.57, for a total transaction of C$327,426.89. Following the sale, the insider owned 24,754 shares of the company’s stock, valued at approximately C$261,649.78. This represents a 55.58% decrease in their ownership of the stock.

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’.