Lithium Americas (Argentina) Corp. (NYSE:LAAC – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.70.
A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $6.50 in a research report on Thursday, January 11th. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective for the company in a report on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a report on Friday, March 22nd.
Read Our Latest Research Report on LAAC
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Lithium Americas (Argentina) Stock Performance
LAAC stock opened at $5.34 on Tuesday. The company has a 50-day simple moving average of $5.00 and a 200 day simple moving average of $5.35. The company has a market capitalization of $858.53 million, a P/E ratio of 0.67 and a beta of 1.31. The company has a quick ratio of 9.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.24. Lithium Americas has a fifty-two week low of $3.84 and a fifty-two week high of $8.79.
Lithium Americas (Argentina) (NYSE:LAAC – Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Sell-side analysts predict that Lithium Americas will post 0.42 earnings per share for the current fiscal year.
Lithium Americas (Argentina) Company Profile
Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.
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