Sprott Inc. Increases Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Sprott Inc. grew its position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,358 shares of the company’s stock after buying an additional 24,068 shares during the quarter. Sprott Inc. owned 0.12% of Lithium Americas (Argentina) worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LAAC. Ping Capital Management Inc. lifted its holdings in Lithium Americas (Argentina) by 36.4% in the fourth quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $39,000 after acquiring an additional 4,000 shares during the period. Apollon Wealth Management LLC increased its position in shares of Lithium Americas (Argentina) by 25.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock valued at $93,000 after purchasing an additional 5,870 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in shares of Lithium Americas (Argentina) by 33.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 36,185 shares of the company’s stock worth $95,000 after purchasing an additional 9,017 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Lithium Americas (Argentina) in the third quarter worth approximately $40,000. Finally, McCarthy Asset Management Inc. bought a new stake in Lithium Americas (Argentina) during the third quarter valued at approximately $49,000. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Trading Down 2.0 %

Lithium Americas (Argentina) stock opened at $2.41 on Wednesday. Lithium Americas has a 12-month low of $2.07 and a 12-month high of $5.79. The firm has a market capitalization of $390.26 million, a price-to-earnings ratio of 0.31 and a beta of 1.35. The firm has a 50 day moving average of $2.74 and a 200 day moving average of $2.94.

Analyst Ratings Changes

Separately, Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Moderate Buy” and a consensus target price of $7.19.

Lithium Americas (Argentina) Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.