Key Points
- Insider sale: Daniel Cherniak sold 30,977 shares on Jan. 28 at C$10.57 for C$327,426.89, leaving him with 24,754 shares — a 55.58% reduction in his ownership.
- Multiple brokerages (HSBC, TD Securities, Scotiabank) recently upgraded LAR to a "Strong Buy", giving the stock a consensus rating of Strong Buy from four analysts.
- The stock opened at C$9.45 (up 4.7%), with a market cap of C$1.53 billion, 50-/200-day moving averages of C$9.09/C$6.71, a 1-year range of C$2.36–C$12.03, and last quarter EPS of C($0.40).
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Lithium Americas (Argentina) Corp. (TSE:LAR - Get Free Report) insider Daniel Cherniak sold 30,977 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$10.57, for a total value of C$327,426.89. Following the completion of the transaction, the insider owned 24,754 shares of the company's stock, valued at C$261,649.78. This represents a 55.58% decrease in their ownership of the stock.
Lithium Americas (Argentina) Trading Up 4.7%
TSE:LAR opened at C$9.45 on Friday. The stock has a market cap of C$1.53 billion, a P/E ratio of -18.90 and a beta of 1.71. The stock's 50-day moving average is C$9.09 and its 200-day moving average is C$6.71. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$12.03.
Lithium Americas (Argentina) (TSE:LAR - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported C($0.40) earnings per share (EPS) for the quarter.
Analysts Set New Price Targets
A number of brokerages have recently commented on LAR. HSBC upgraded shares of Lithium Americas (Argentina) to a "strong-buy" rating in a report on Monday, January 19th. TD Securities raised Lithium Americas (Argentina) to a "strong-buy" rating in a research report on Monday, February 9th. Finally, Scotiabank upgraded Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Lithium Americas (Argentina) has a consensus rating of "Strong Buy".
Get Our Latest Research Report on LAR
Lithium Americas (Argentina) Company Profile
(
Get Free Report)
Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (' TSX ') and the New York Stock Exchange (' NYSE ') under the ticker 'LAR'.
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