Scotiabank analyst Ben Isaacson maintained a Hold rating on Lithium Americas (Argentina) Corp. (LAAC – Research Report) today and set a price target of $8.00. The company’s shares closed last Friday at $4.71.
According to TipRanks, Isaacson is a 4-star analyst with an average return of 10.4% and a 50.00% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Nutrien, and Albemarle.
The word on The Street in general, suggests a Hold analyst consensus rating for Lithium Americas (Argentina) Corp. with a $6.60 average price target.
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The company has a one-year high of $8.79 and a one-year low of $5.07. Currently, Lithium Americas (Argentina) Corp. has an average volume of 963.3K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LAAC in relation to earlier this year.
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Lithium Americas (Argentina) Corp. (LAAC) Company Description:
Lithium Argentina is a Canadian-based resource company focused on the advancement of significant lithium projects. The Company strives to operate under the highest environmental, social, governance and safety standards to foster the sustainable advancement of projects that support the vital lithium supply chain and the global transition to cleaner energy. The Company owns 44.8% of CaucharÃ-Olaroz through its ownership interest in Minera Exar S.A. (Minera Exar), a company incorporated under the laws of Argentina. The Company also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna projects, both of which are located in Salta Province in northwestern Argentina. The company trades on both the Toronto Stock Exchange (TSX: LAAC) and on the New York Stock Exchange (NYSE: LAAC).
Read More on LAAC:
- Lithium Argentina falls -11.3%
- Lithium Argentina downgraded at Deutsche Bank on near-term lithium price caution
- Lithium Argentina downgraded to Hold from Buy at Deutsche Bank
- Lithium Argentina produces 6,000 tons of lithium carbonate in 2023
- Lithium Argentina Announces 2023 Production Results for Caucharí-Olaroz
