Lithium Argentina (NYSE:LAR - Get Free Report) had its price objective dropped by investment analysts at Scotiabank from $4.00 to $3.50 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 50.21% from the stock's previous close.
Lithium Argentina Stock Performance
Shares of LAR stock traded down $0.12 during trading on Wednesday, reaching $2.33. The company's stock had a trading volume of 970,454 shares, compared to its average volume of 1,017,766. The stock has a market capitalization of $377.30 million, a P/E ratio of 0.30 and a beta of 1.36. Lithium Argentina has a 1-year low of $1.96 and a 1-year high of $5.79.
Lithium Argentina (NYSE:LAR - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. On average, research analysts forecast that Lithium Argentina will post -0.05 EPS for the current fiscal year.
About Lithium Argentina
(
Get Free Report)
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.
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