Lithium Americas (Argentina) Corp. (NYSE:LAR – Get Free Report) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.00.
Several analysts have recently commented on LAR shares. Scotiabank reaffirmed a “sector perform” rating and set a $3.50 price objective (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, October 8th. Finally, BMO Capital Markets raised their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th.
Check Out Our Latest Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Stock Down 1.9%
Hedge Funds Weigh In On Lithium Americas (Argentina)
Large investors have recently bought and sold shares of the stock. CenterBook Partners LP bought a new position in Lithium Americas (Argentina) during the 1st quarter valued at $4,613,000. Goldman Sachs Group Inc. bought a new position in Lithium Americas (Argentina) during the 1st quarter valued at $1,064,000. Wealth Enhancement Advisory Services LLC bought a new position in Lithium Americas (Argentina) during the 1st quarter valued at $592,000. D.A. Davidson & CO. bought a new position in Lithium Americas (Argentina) during the 1st quarter valued at $57,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth $41,000. 49.17% of the stock is currently owned by institutional investors.
About Lithium Americas (Argentina)
Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.
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