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Stifel Nicolaus Remains a Buy on Lithium Argentina (LAR)

Tipranks - Tipranks - Thu Jan 8, 11:28AM CST

In a report released yesterday, Cole McGill from Stifel Nicolaus maintained a Buy rating on Lithium Argentina, with a price target of $8.50. The company’s shares opened today at C$8.65.

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McGill covers the Basic Materials sector, focusing on stocks such as Foran Mining, FireFly Metals, and Montage Gold Corp.. According to TipRanks, McGill has an average return of 24.0% and a 59.49% success rate on recommended stocks.

Lithium Argentina has an analyst consensus of Moderate Buy, with a price target consensus of $6.12, which is a -29.25% downside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $7.00 price target.

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LAR market cap is currently C$1.36B and has a P/E ratio of -14.02.

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