Lithium Americas (Argentina) Corp. (LAR) – What Are Investment Firms Thinking About This Stock?

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.07.

LAR has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Lithium Americas (Argentina) from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. National Bank Financial lowered their target price on Lithium Americas (Argentina) from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, October 19th. Scotiabank dropped their target price on Lithium Americas (Argentina) from $10.00 to $9.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 12th. Zacks Research upgraded Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered Lithium Americas (Argentina) from a “hold” rating to a “sell” rating in a research report on Sunday.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors have recently added to or reduced their stakes in the stock. ABN Amro Investment Solutions bought a new stake in shares of Lithium Americas (Argentina) in the 1st quarter valued at about $6,335,000. Renaissance Technologies LLC purchased a new stake in Lithium Americas (Argentina) during the first quarter valued at approximately $5,328,000. Bank of America Corp DE lifted its position in Lithium Americas (Argentina) by 45.4% during the first quarter. Bank of America Corp DE now owns 669,931 shares of the company’s stock valued at $4,475,000 after acquiring an additional 209,252 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Lithium Americas (Argentina) by 1,042.6% in the third quarter. Robertson Stephens Wealth Management LLC now owns 159,571 shares of the company’s stock valued at $878,000 after acquiring an additional 145,606 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $756,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Trading Down 1.8%

Shares of Lithium Americas (Argentina) stock opened at $4.17 on Thursday. The firm has a market cap of $683.48 million and a P/E ratio of -12.25. Lithium Americas has a 12 month low of $3.62 and a 12 month high of $12.05. The stock’s fifty day moving average price is $5.76 and its 200-day moving average price is $7.37.

Lithium Americas (Argentina) (NYSE:LAR) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). During the same quarter in the previous year, the company posted ($0.03) earnings per share. Analysts forecast that Lithium Americas will post 0.17 earnings per share for the current year.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) Corp., formerly known as Lithium Americas (Argentina) Corp. and associated with the NYSE symbol LAR, is a lithium development and production company focused on projects in Argentina. Its principal asset is the Cauchari-Olaroz lithium brine project in Jujuy Province, a region recognized for its significant lithium resources.

Cauchari-Olaroz produces lithium carbonate, a key raw material used in rechargeable batteries for electric vehicles, energy-storage systems, consumer electronics and other applications.