Lithium Americas (Argentina) (TSE:LAR) Trading Up 2.4% – Here’s What Happened

Lithium Americas (Argentina) Corp. (TSE:LAR)’s share price was up 2.4% during trading on Monday . The company traded as high as C$11.33 and last traded at C$11.30. Approximately 76,103 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 282,243 shares. The stock had previously closed at C$11.04.

Analyst Ratings Changes

A number of analysts have recently weighed in on LAR shares. Canaccord Genuity Group increased their price objective on Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the company a “buy” rating in a research note on Tuesday, March 24th. TD Securities lifted their target price on shares of Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, Lithium Americas (Argentina) has a consensus rating of “Strong Buy” and an average price target of C$13.38.

Lithium Americas (Argentina) Price Performance

The firm’s 50 day moving average price is C$13.29 and its 200 day moving average price is C$10.82. The stock has a market capitalization of C$1.85 billion, a P/E ratio of -29.74 and a beta of 2.34.

Lithium Americas (Argentina) (TSE:LAR) last posted its earnings results on Tuesday, May 12th. The company reported C$0.07 earnings per share (EPS) 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’.