Lithium Americas (Argentina)’s (LAR) Sector Perform Rating Reiterated at Scotiabank

Scotiabank reaffirmed their sector perform rating on shares of Lithium Americas (Argentina) (NYSE:LAR) in a research report sent to investors on Wednesday morning,Benzinga reports. Scotiabank currently has a $3.50 price objective on the stock, up from their prior price objective of $3.00. Scotiabank also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.07) EPS and FY2026 earnings at $0.10 EPS.

Several other brokerages have also issued reports on LAR. BMO Capital Markets lifted their target price on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research report on Tuesday. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Finally, National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $2.90 to $4.50 in a research report on Tuesday.

Lithium Americas (Argentina) Stock Performance

Shares of LAR stock opened at $3.33 on Wednesday. The company’s 50 day simple moving average is $2.52. Lithium Americas has a 52-week low of $1.71 and a 52-week high of $3.96.

Lithium Americas (Argentina) (NYSE:LAR) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Sell-side analysts anticipate that Lithium Americas will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LAR. CenterBook Partners LP purchased a new position in shares of Lithium Americas (Argentina) in the 1st quarter valued at $4,613,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $592,000. D.A. Davidson & CO. purchased a new position in Lithium Americas (Argentina) in the first quarter valued at about $57,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $41,000. Finally, Brown Advisory Inc. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $215,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

About Lithium Americas (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.