Lithium Americas (Argentina) (TSE:LAR) Raised to “Strong-Buy” at TD Securities

Lithium Americas (Argentina) (TSE:LAR) was upgraded by TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Lithium Americas (Argentina) Stock Performance

Shares of Lithium Americas (Argentina) stock opened at C$9.29 on Monday. The company has a market capitalization of C$1.51 billion, a P/E ratio of -18.58 and a beta of 1.71. Lithium Americas has a 1 year low of C$2.36 and a 1 year high of C$12.03. The company’s fifty day moving average is C$8.96 and its two-hundred day moving average is C$6.62.

Lithium Americas (Argentina) (TSE:LAR) last announced 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’.