Lithium Argentina AG (NYSE:LAR - Get Free Report)'s stock price was down 0.8% during trading on Tuesday . The company traded as low as $1.93 and last traded at $1.97. Approximately 564,999 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 940,207 shares. The stock had previously closed at $1.98.
Analysts Set New Price Targets
Several research firms have recently issued reports on LAR. National Bankshares decreased their price objective on shares of Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating for the company in a research report on Wednesday, March 19th. Scotiabank decreased their price target on Lithium Argentina from $3.50 to $3.00 and set a "sector outperform" rating for the company in a report on Tuesday, May 20th.
Read Our Latest Research Report on Lithium Argentina
Lithium Argentina Stock Performance
The company has a market capitalization of $327.04 million, a P/E ratio of 0.26 and a beta of 1.36. The business has a fifty day moving average of $1.98.
Lithium Argentina (NYSE:LAR - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). As a group, equities research analysts expect that Lithium Argentina AG will post -0.05 EPS for the current fiscal year.
Institutional Trading of Lithium Argentina
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Lithium Argentina during the 1st quarter worth approximately $592,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Lithium Argentina in the first quarter valued at approximately $56,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Lithium Argentina during the first quarter worth approximately $41,000. Balboa Wealth Partners acquired a new position in shares of Lithium Argentina in the 1st quarter valued at $90,000. Finally, Mutual Advisors LLC purchased a new stake in Lithium Argentina in the 1st quarter valued at $103,000. Institutional investors and hedge funds own 49.17% of the company's stock.
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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