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

Lithium Argentina (NYSE:LAR) had its price objective dropped by National Bankshares from $3.75 to $3.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 42.28% from the stock’s previous close.

Separately, Scotiabank decreased 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 report on Wednesday.

Lithium Argentina Stock Performance

LAR traded down $0.05 during mid-day trading on Wednesday, hitting $2.46. The stock had a trading volume of 433,972 shares, compared to its average volume of 1,013,691. Lithium Argentina has a 1-year low of $1.96 and a 1-year high of $5.79. The firm has a market cap of $398.35 million, a PE ratio of 0.32 and a beta of 1.36.

Lithium Argentina (NYSE:LAR) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Equities analysts forecast that Lithium Argentina will post -0.05 EPS for the current fiscal year.

About Lithium Argentina

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.