Lithium Argentina (NYSE:LAR) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Lithium Argentina (NYSE:LAR - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01, Zacks reports.

Lithium Argentina Stock Performance

Shares of LAR traded down $0.11 during mid-day trading on Friday, hitting $2.34. 544,167 shares of the company's stock were exchanged, compared to its average volume of 1,009,545. Lithium Argentina has a fifty-two week low of $1.96 and a fifty-two week high of $5.79. The stock has a market capitalization of $378.92 million, a PE ratio of 0.30 and a beta of 1.36.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LAR. National Bankshares lowered their price objective on shares of Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating for the company in a research report on Wednesday. Scotiabank lowered their price target on Lithium Argentina from $4.00 to $3.50 and set a "sector outperform" rating for the company in a research report on Wednesday.

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.