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Lithium Argentina (LAR) Gets a Buy from Stifel Nicolaus

Tipranks - Tipranks - Thu Mar 26, 8:43AM CDT

Stifel Nicolaus analyst Cole McGill maintained a Buy rating on Lithium Argentina yesterday and set a price target of $11.00. The company’s shares opened today at C$8.56.

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McGill covers the Basic Materials sector, focusing on stocks such as Foran Mining, Lithium Argentina, and Goliath Resources. 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 $9.76, representing a 14.02% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$17.75 price target.

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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 319.9K.

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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