Lithium Americas (Argentina) (TSE:LAR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Lithium Americas (Argentina) (TSE:LAR) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Separately, Scotiabank raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Lithium Americas (Argentina) Price Performance

Shares of LAR opened at C$11.24 on Monday. The firm has a 50 day simple moving average of C$8.14 and a two-hundred day simple moving average of C$5.97. Lithium Americas has a one year low of C$2.36 and a one year high of C$12.03. The company has a market cap of C$1.82 billion, a P/E ratio of -22.48 and a beta of 1.91.

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