ETFs on the Move This Wednesday: REMX and XOP
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
ETF Performance: The SPDR S&P Oil & Gas Exploration & Production ETF is down approximately 2.1% in Wednesday afternoon trading.
Underperforming Stocks: Notable underperformers within the ETF include Green Plains, which fell by about 6.6%, and PBF Energy, which decreased by around 6.2%.
Market Context: The article highlights the performance of specific ETFs and their components, indicating a broader trend in the oil and gas sector.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Analyst Views on LAR
Wall Street analysts forecast LAR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAR is 4.76 USD with a low forecast of 3.27 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 8.150
Low
3.27
Averages
4.76
High
6.00
Current: 8.150
Low
3.27
Averages
4.76
High
6.00
About LAR
Lithium Argentina AG is a Switzerland based company, operating in the mining industry. The Company is a resource and materials company focused on lithium production, which involves pumping the lithium into ponds allowing for the water to evaporate and the mineral fall out of suspension. Lithium is a material used primarily in lithium-ion batteries, which have applications in personal electronic devices electric cars among other products. The Company has stakes in multiple lithium-ion production facilities located primarily in Argentina such as the Cauchari-Olaroz lithium brine operation, the Cauchari-Olaroz Project, which is located in Jujuy, Argentina, the Pastos Grandes project, located in Salta Province, and the Sal de la Puna Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
