National Bankshares Issues Pessimistic Forecast for Lithium Argentina (NYSE:LAR) Stock Price

Lithium Argentina (NYSE:LAR) had its price objective trimmed by National Bankshares from $3.75 to $3.50 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Scotiabank decreased their price target on shares of Lithium Argentina from $4.00 to $3.50 and set a “sector outperform” rating for the company in a research note on Wednesday.

Lithium Argentina Stock Down 1.6 %

NYSE:LAR opened at $2.47 on Wednesday. Lithium Argentina has a 12-month low of $1.96 and a 12-month high of $5.79. The firm has a market capitalization of $399.97 million, a P/E ratio of 0.32 and a beta of 1.36.

Lithium Argentina (NYSE:LAR) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Equities research analysts predict 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.