Lithium Americas (Argentina) (TSE:LAR) Reaches New 12-Month High - Time to Buy?

Key Points

• Lithium Americas (Argentina) reached a new 52-week high stock price of C$5.92, closing at C$5.78 with significant trading volume of 575,759 shares.
• Analyst ratings for Lithium Americas (Argentina) vary, with Scotiabank downgrading it to "hold", while National Bank Financial upgraded it to "strong-buy", leading to a consensus rating of "buy".
• The company, which specializes in lithium carbonate production for electric vehicles, has a market capitalization of C$938.09 million and operates the Cauchari-Olaroz lithium brine project in Argentina.

Lithium Americas (Argentina) Corp. (TSE:LAR - Get Free Report)'s stock price reached a new 52-week high on Saturday . The company traded as high as C$5.92 and last traded at C$5.78, with a volume of 575759 shares changing hands. The stock had previously closed at C$5.18.

Analyst Ratings Changes

Several research analysts recently commented on LAR shares. Scotiabank lowered shares of Lithium Americas (Argentina) from an "outperform" rating to a "hold" rating in a research note on Wednesday, August 13th. Cormark raised Lithium Americas (Argentina) to a "moderate buy" rating in a research report on Wednesday, August 20th. Finally, National Bank Financial upgraded Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Lithium Americas (Argentina) Price Performance

The stock has a market capitalization of C$938.09 million, a PE ratio of -52.55 and a beta of 1.70. The business's fifty day moving average price is C$4.47 and its two-hundred day moving average price is C$3.48.

Lithium Americas (Argentina) Company Profile

Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co Ltd, is operating the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region.

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