Lithium Argentina (NYSE:LAR – Free Report) had its price objective lowered by Scotiabank from $4.00 to $3.50 in a research note published on Wednesday morning, Marketbeat reports. The brokerage currently has a sector outperform rating on the stock.
Lithium Argentina Price Performance
Shares of NYSE LAR opened at $2.33 on Wednesday. Lithium Argentina has a 1 year low of $1.96 and a 1 year high of $5.79. The firm has a market cap 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 quarterly earnings data on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Equities research analysts forecast that Lithium Argentina will post -0.05 earnings per share for the current 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.
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