Lithium Royalty (TSE:LIR) Cut to “Hold” at Raymond James Financial

Raymond James Financial lowered shares of Lithium Royalty (TSE:LIRFree Report) from a moderate buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Lithium Royalty Price Performance

Lithium Royalty Corp (TSE:LIR) is a Canada-based company that acquires and manages royalty and stream interests on lithium projects. The firm provides investors with exposure to the lithium value chain by taking passive, revenue-linked positions on development and producing assets rather than operating mines directly. Its mandate is focused on battery‑grade lithium, a critical input for electric-vehicle batteries and other energy storage applications.

The company’s business model centers on negotiating royalty and streaming agreements with lithium project owners and developers.

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