National Bankshares Lowers Lithium Argentina (NYSE:LAR) Price Target to $3.50

Lithium Argentina (NYSE:LAR - Get Free Report) had its target price dropped by stock analysts at National Bankshares from $3.75 to $3.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price objective suggests a potential upside of 50.21% from the stock's previous close.

Separately, Scotiabank decreased their target price 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 Trading Down 4.9 %

NYSE:LAR traded down $0.12 during mid-day trading on Wednesday, hitting $2.33. 970,454 shares of the stock traded hands, compared to its average volume of 1,017,766. Lithium Argentina has a 52 week low of $1.96 and a 52 week high of $5.79. The company has a market capitalization of $377.30 million, a price-to-earnings ratio of 0.30 and a beta of 1.36.

Lithium Argentina (NYSE:LAR - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. As a group, equities analysts forecast that Lithium Argentina will post -0.05 EPS for the current fiscal year.

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.