Stifel Nicolaus analyst Cole McGill maintained a Buy rating on Lithium Americas (Argentina) Corp. (LAAC – Research Report) today and set a price target of $18.50. The company’s shares closed yesterday at $4.15.
McGill covers the Basic Materials sector, focusing on stocks such as Arizona Metals, Lithium Americas (Argentina) Corp., and Lithium Americas Corp.. According to TipRanks, McGill has an average return of -23.7% and a 21.28% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Lithium Americas (Argentina) Corp. with a $8.00 average price target.
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Based on Lithium Americas (Argentina) Corp.’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6.62 million. In comparison, last year the company had a GAAP net loss of $16.99 million
Based on the recent corporate insider activity of 18 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).
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