TD Securities Issues Positive Forecast for Lithium Americas (Argentina) (TSE:LAR) Stock Price

Lithium Americas (Argentina) (TSE:LAR) had its price objective raised by TD Securities from C$7.00 to C$9.00 in a report published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on LAR. Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. HSBC raised Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$13.38.

Lithium Americas (Argentina) Price Performance

TSE:LAR opened at C$9.71 on Tuesday. 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$1.58 billion, a P/E ratio of -19.42 and a beta of 1.74. The firm’s fifty day moving average price is C$9.91 and its two-hundred day moving average price is C$7.72.

Lithium Americas (Argentina) (TSE:LAR) last posted its earnings results on Monday, March 23rd. The company reported C$0.01 earnings per share (EPS) for the quarter.

Insider Activity

In other Lithium Americas (Argentina) news, insider Ignacio Celorrio sold 50,453 shares of Lithium Americas (Argentina) stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$10.11, for a total value of C$510,079.83. Following the completion of the sale, the insider owned 324,110 shares in the company, valued at C$3,276,752.10. The trade was a 13.47% decrease in their position. Also, insider Daniel Cherniak sold 30,977 shares of Lithium Americas (Argentina) stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$10.57, for a total transaction of C$327,426.89. Following the completion of the sale, the insider owned 24,754 shares of the company’s stock, valued at C$261,649.78. This trade represents a 55.58% decrease in their position.

About Lithium Americas (Argentina)

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’.