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Stifel Nicolaus Remains a Buy on Lithium Argentina (LAR)

Tipranks - Tipranks - Tue Mar 17, 3:34AM CDT

In a report released on March 13, Cole McGill from Stifel Nicolaus maintained a Buy rating on Lithium Argentina, with a price target of $9.50. The company’s shares closed last Friday at C$9.24.

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McGill covers the Basic Materials sector, focusing on stocks such as Foran Mining, Montage Gold Corp., and Lithium Argentina. According to TipRanks, McGill has an average return of 26.0% and a 53.99% success rate on recommended stocks.

Lithium Argentina has an analyst consensus of Strong Buy, with a price target consensus of $9.56.

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The company has a one-year high of C$12.03 and a one-year low of C$2.36. Currently, Lithium Argentina has an average volume of 324.2K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAR in relation to earlier this year.

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