Lithium Americas (Argentina) Corp. (NYSE:LAAC) Given Consensus Rating of “Moderate Buy” by Brokerages

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.19.

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday.

Lithium Americas (Argentina) Trading Up 0.2 %

Shares of NYSE:LAAC opened at $3.00 on Tuesday. The company has a 50 day moving average of $3.03 and a 200-day moving average of $3.00. The firm has a market cap of $484.98 million, a P/E ratio of 0.38 and a beta of 1.35. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $5.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its stake in shares of Lithium Americas (Argentina) by 37.1% in the 3rd quarter. Tidal Investments LLC now owns 350,534 shares of the company’s stock valued at $1,143,000 after purchasing an additional 94,775 shares during the period. Sanctuary Advisors LLC bought a new stake in Lithium Americas (Argentina) in the third quarter valued at about $40,000. Virtu Financial LLC acquired a new position in Lithium Americas (Argentina) in the third quarter valued at about $317,000. Barclays PLC boosted its holdings in Lithium Americas (Argentina) by 30.1% during the third quarter. Barclays PLC now owns 92,438 shares of the company’s stock worth $301,000 after buying an additional 21,388 shares during the last quarter. Finally, McCarthy Asset Management Inc. acquired a new position in shares of Lithium Americas (Argentina) during the 3rd quarter worth about $49,000. 49.17% of the stock is owned by institutional investors.

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.