Lithium Americas (Argentina) Corp. (TSE:LAR) Given Consensus Recommendation of “Strong Buy” by Analysts

Lithium Americas (Argentina) Corp. (TSE:LAR) has been given an average rating of “Strong Buy” by the five research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$13.38.

Several brokerages have recently weighed in on LAR. Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Securities boosted their target price on Lithium Americas (Argentina) from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Tuesday. HSBC raised Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Finally, Canaccord Genuity Group upped their price target on shares of Lithium Americas (Argentina) from C$17.50 to C$17.75 and gave the stock a “buy” rating in a research note on Tuesday.

Insider Activity at Lithium Americas (Argentina)

In other Lithium Americas (Argentina) news, insider Daniel Cherniak sold 30,977 shares of Lithium Americas (Argentina) stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$10.57, for a total value of C$327,426.89. Following the completion of the sale, the insider owned 24,754 shares in the company, valued at C$261,649.78. The trade was a 55.58% decrease in their position. Also, insider Ignacio Celorrio sold 50,453 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 324,110 shares of the company’s stock, valued at approximately C$3,276,752.10. The trade was a 13.47% decrease in their ownership of the stock.

Lithium Americas (Argentina) Stock Performance

Shares of TSE LAR traded up C$1.04 during mid-day trading on Tuesday, reaching C$9.63. 585,919 shares of the company’s stock were exchanged, compared to its average volume of 315,017. The firm has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -19.26 and a beta of 1.74. Lithium Americas has a 52-week low of C$2.36 and a 52-week high of C$12.03. The company’s 50-day moving average is C$9.94 and its 200-day moving average is C$7.68.

Lithium Americas (Argentina) (TSE:LAR) last issued its quarterly earnings data on Monday, March 23rd. The company reported C$0.01 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’.