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An announcement from Lithium Royalty Corp. ( (TSE:LIRC) ) is now available.
Lithium Royalty Corp. has congratulated Zijin Mining on the commencement of production at the Tres Quebradas lithium project in Argentina, marking a significant milestone for both companies. This development highlights Argentina’s growing importance in the global battery supply chain and underscores the strategic value of the Tres Quebradas project, which is expected to significantly increase its production capacity in the coming years. LRC holds a 0.9% gross overriding revenue royalty on the project, providing direct exposure to its production and expansion potential.
The most recent analyst rating on (TSE:LIRC) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Lithium Royalty Corp. stock, see the TSE:LIRC Stock Forecast page.
Spark’s Take on TSE:LIRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LIRC is a Neutral.
Lithium Royalty Corp.’s overall score reflects significant financial challenges with negative profitability and cash flow issues, despite a strong balance sheet. Technical indicators show stable short-term momentum but a longer-term downtrend. The negative P/E ratio and lack of dividend yield detract from its valuation appeal. Positive corporate events, including resilient market performance and a share buyback initiative, contribute positively to the score.
To see Spark’s full report on TSE:LIRC stock, click here.
More about Lithium Royalty Corp.
Lithium Royalty Corp. is a Canadian-based company focused on lithium-related royalties. It has a globally diversified portfolio of 35 revenue royalties on mineral properties that support the electrification and decarbonization of the global economy. The company’s royalty portfolio is centered on the battery supply chain for the transportation and energy storage industries, with an emphasis on lithium, critical minerals, and other energy transition materials.
Average Trading Volume: 8,022
Technical Sentiment Signal: Hold
Current Market Cap: C$332.3M
See more insights into LIRC stock on TipRanks’ Stock Analysis page.