Scotiabank Downgrades Lithium Americas (Argentina) (TSE:LAR) to Hold

Lithium Americas (Argentina) (TSE:LAR) was downgraded by stock analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Separately, National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday.

Lithium Americas (Argentina) Stock Performance

TSE:LAR opened at C$4.63 on Wednesday. Lithium Americas has a 52 week low of C$2.36 and a 52 week high of C$5.18. The stock’s 50-day moving average price is C$3.42 and its 200-day moving average price is C$3.17.

About Lithium Americas (Argentina)

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.