National Bankshares Lowers Lithium Argentina (NYSE:LAR) Price Target to $3.50

Lithium Argentina (NYSE:LAR) had its price objective lowered by equities research analysts at National Bankshares from $3.75 to $3.50 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 42.28% from the stock’s current price.

Separately, Scotiabank cut their price target on Lithium Argentina from $4.00 to $3.50 and set a “sector outperform” rating for the company in a research note on Wednesday.

Lithium Argentina Stock Down 0.4 %

LAR stock opened at $2.46 on Wednesday. The firm has a market cap of $398.35 million, a PE ratio of 0.32 and a beta of 1.36. Lithium Argentina has a fifty-two week low of $1.96 and a fifty-two week high of $5.79.

Lithium Argentina (NYSE:LAR) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. On average, equities analysts forecast that Lithium Argentina will post -0.05 EPS for the current year.

About Lithium Argentina

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.