Lithium Americas (Argentina) Corp. (NYSE:LAAC – Get Free Report) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.21.
Several brokerages have recently weighed in on LAAC. Scotiabank decreased their target price on shares of Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating for the company in a research note on Thursday, August 15th. Stifel Nicolaus cut their price target on shares of Lithium Americas (Argentina) from $18.50 to $12.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. National Bankshares set a $6.00 price target on shares of Lithium Americas (Argentina) and gave the stock a “sector perform” rating in a report on Thursday, June 6th. National Bank Financial raised shares of Lithium Americas (Argentina) to a “hold” rating in a report on Wednesday, June 5th. Finally, Hsbc Global Res raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Wednesday, August 14th.
Get Our Latest Stock Report on Lithium Americas (Argentina)
Lithium Americas (Argentina) Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in Lithium Americas (Argentina) in the 1st quarter valued at $27,000. Scarborough Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 4th quarter worth $53,000. Fairscale Capital LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter worth $31,000. Fifth Third Bancorp increased its holdings in shares of Lithium Americas (Argentina) by 67.9% during the 2nd quarter. Fifth Third Bancorp now owns 9,895 shares of the company’s stock worth $32,000 after buying an additional 4,000 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth $54,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.
About Lithium Americas (Argentina)
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.
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