National Bankshares Lowers Lithium Argentina (NYSE:LAR) Price Target to $3.50

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

Separately, Scotiabank dropped their price objective 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 Price Performance

NYSE:LAR opened at $2.33 on Wednesday. The firm has a market cap of $377.30 million, a PE ratio of 0.30 and a beta of 1.36. Lithium Argentina has a 52-week low of $1.96 and a 52-week high of $5.79.

Lithium Argentina (NYSE:LAR) last announced its earnings results on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. On average, analysts expect that Lithium Argentina will post -0.05 EPS for the current fiscal 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.