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Lithium Americas (Argentina) (TSE:LAR) Stock Price Up 8.7% - What's Next?

Lithium Americas (Argentina) logo with background

Key Points

  • Lithium Americas (Argentina) (TSE:LAR) shares surged by 8.7%, closing at C$5.63, with a trading volume significantly lower than the average.
  • The company has received mixed ratings from analysts, with analysts from Cormark and National Bank upgrading the stock to higher ratings, while Scotiabank downgraded it.
  • Lithium Americas primarily produces lithium carbonate for lithium-ion batteries and is involved in the Cauchari-Olaroz lithium brine operation in partnership with Ganfeng Lithium.
  • Five stocks we like better than Lithium Americas (Argentina).

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR - Get Free Report) were up 8.7% during trading on Friday . The stock traded as high as C$5.65 and last traded at C$5.63. Approximately 128,496 shares changed hands during trading, a decline of 24% from the average daily volume of 168,124 shares. The stock had previously closed at C$5.18.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Lithium Americas (Argentina)

Lithium Americas (Argentina) Trading Up 11.0%

The business has a 50 day moving average of C$4.44 and a two-hundred day moving average of C$3.47. The firm has a market cap of C$933.23 million, a P/E ratio of -52.27 and a beta of 1.70.

About Lithium Americas (Argentina)

(Get Free Report)

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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