Lithium Americas (Argentina) (TSE:LAR) Upgraded to Strong-Buy at TD Securities

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

Other analysts have also issued reports about the company. Scotiabank raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Four investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Lithium Americas (Argentina) Stock Performance

TSE:LAR traded down C$0.15 during mid-day trading on Monday, reaching C$9.16. 33,480 shares of the company’s stock were exchanged, compared to its average volume of 336,880. Lithium Americas has a one year low of C$2.36 and a one year high of C$12.03. The business’s fifty day simple moving average is C$8.92 and its two-hundred day simple moving average is C$6.58. The firm has a market capitalization of C$1.49 billion, a PE ratio of -18.32 and a beta of 1.71.

Lithium Americas (Argentina) (TSE:LAR) last released its earnings results on Monday, November 10th. The company reported C($0.40) 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’.