National Bankshares Has Lowered Expectations for Lithium Argentina (NYSE:LAR) Stock Price

Lithium Argentina (NYSE:LAR) had its price objective cut by equities research analysts at National Bankshares from $3.75 to $3.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 42.28% from the stock’s current price.

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

Lithium Argentina Trading Down 2.0 %

Lithium Argentina stock traded down $0.05 during trading hours on Wednesday, hitting $2.46. 433,972 shares of the stock were exchanged, compared to its average volume of 1,013,691. The stock has a market capitalization of $398.35 million, a price-to-earnings ratio of 0.32 and a beta of 1.36. Lithium Argentina has a 12 month low of $1.96 and a 12 month high of $5.79.

Lithium Argentina (NYSE:LAR) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. As a group, equities research analysts predict that Lithium Argentina will post -0.05 EPS 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.