
LAR Stock Forecast & Price Target
LAR Analyst Ratings
Bulls say
Lithium Argentina has demonstrated improving operational efficiency, with the Cauchari facility achieving a remarkable production rate of 8.5k metric tons in October 2023, reflecting an 18% quarter-over-quarter increase and maintaining an operational rate above 90% for three of the last four months. Additionally, the company's cash costs have decreased by 8% quarter-over-quarter to an impressive $6.1k per metric ton, underscoring the company's strong cost management capabilities. Furthermore, the establishment of a joint venture with Ganfeng is expected to enhance the net asset value, contributing positively to the company's growth prospects as it continues to progress on its Cauchari and Pastos Grandes projects.
Bears say
Lithium Argentina's outlook remains negative due to concerns over the appropriateness of the 'incentive' lithium price, which may understate the true valuation of the company amid low double-digit demand growth rates. The company’s recent production results from the Cauchari project reflected an operational rate of 83%, showing a 2% decline quarter-over-quarter attributed to ramp-up variability, which raises questions about operational efficiency and reliability. Additionally, ongoing delays in producing battery-grade lithium carbonate equivalent (LCE) have frustrated investors, with some projections suggesting potential long-term price corrections down to $13,000 to $14,000 per metric ton.
This aggregate rating is based on analysts' research of Lithium Argentina AG and is not a guaranteed prediction by Public.com or investment advice.
LAR Analyst Forecast & Price Prediction
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