Lithium Argentina (NYSE:LAR – Get Free Report) had its price objective reduced by investment analysts at Scotiabank from $4.00 to $3.50 in a report issued on Wednesday, MarketBeat reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 42.28% from the stock’s current price.
Lithium Argentina Stock Performance
Shares of NYSE:LAR opened at $2.46 on Wednesday. Lithium Argentina has a 12 month low of $1.96 and a 12 month high of $5.79. The stock has a market cap of $398.35 million, a price-to-earnings ratio of 0.32 and a beta of 1.36.
Lithium Argentina (NYSE:LAR – Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Analysts expect that Lithium Argentina will post -0.05 earnings per share for the current fiscal year.
Lithium Argentina Company Profile
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.
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