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

Lithium Argentina (NYSE:LAR) had its price target reduced by stock 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’ price objective suggests a potential upside of 42.28% from the stock’s current price.

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

Lithium Argentina Stock Down 0.4 %

Shares of NYSE LAR opened at $2.46 on Wednesday. Lithium Argentina has a 52 week low of $1.96 and a 52 week high of $5.79. 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 (NYSE:LAR) last released its quarterly 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, equities analysts forecast that Lithium Argentina will post -0.05 earnings per share 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.