Lithium Argentina (NYSE:LAR) Price Target Lowered to $3.00 at Scotiabank

Lithium Argentina (NYSE:LAR - Free Report) had its price target decreased by Scotiabank from $3.50 to $3.00 in a report released on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock. Scotiabank also issued estimates for Lithium Argentina's FY2025 earnings at $0.14 EPS and FY2026 earnings at $0.45 EPS.

Separately, National Bankshares decreased their target price on Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating for the company in a research note on Wednesday, March 19th.

Lithium Argentina Price Performance

Shares of LAR traded up $0.04 during mid-day trading on Tuesday, reaching $1.86. 898,111 shares of the company were exchanged, compared to its average volume of 926,481. Lithium Argentina has a 52 week low of $1.73 and a 52 week high of $4.80. The company has a market capitalization of $300.32 million, a PE ratio of 0.24 and a beta of 1.36. The stock has a 50 day simple moving average of $2.06.

Lithium Argentina (NYSE:LAR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Equities research analysts predict that Lithium Argentina will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LAR. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Lithium Argentina during the 1st quarter valued at $592,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Lithium Argentina during the 1st quarter valued at $56,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Lithium Argentina during the 1st quarter valued at $41,000. Balboa Wealth Partners purchased a new position in shares of Lithium Argentina during the 1st quarter valued at $90,000. Finally, Mutual Advisors LLC purchased a new position in shares of Lithium Argentina during the 1st quarter valued at $103,000. Hedge funds and other institutional investors own 49.17% of the company's stock.

About Lithium Argentina

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.