Lithium Americas (Argentina) Corp. (NYSE:LAR) Given Average Rating of “Moderate Buy” by Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAR) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.4417.

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, December 24th. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $4.25 to $7.75 in a research note on Monday, January 12th. National Bank Financial increased their price target on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price target on the stock in a research report on Tuesday, January 13th. Finally, TD Securities raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, February 9th.

Institutional Trading of Lithium Americas (Argentina)

Institutional investors have recently bought and sold shares of the business. Cibc World Market Inc. grew its position in shares of Lithium Americas (Argentina) by 2.3% in the third quarter. Cibc World Market Inc. now owns 128,053 shares of the company’s stock valued at $428,000 after purchasing an additional 2,940 shares during the period. Brown Advisory Inc. lifted its stake in Lithium Americas (Argentina) by 3.0% in the 2nd quarter. Brown Advisory Inc. now owns 103,636 shares of the company’s stock valued at $216,000 after buying an additional 3,000 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Lithium Americas (Argentina) by 14.1% in the 2nd quarter. Raymond James Financial Inc. now owns 26,030 shares of the company’s stock valued at $54,000 after buying an additional 3,214 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Lithium Americas (Argentina) by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after buying an additional 3,552 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Lithium Americas (Argentina) by 7.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock worth $112,000 after buying an additional 3,575 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Trading Down 3.0%

Shares of LAR stock opened at $6.74 on Wednesday. Lithium Americas has a twelve month low of $1.71 and a twelve month high of $8.80. The stock has a market cap of $1.09 billion and a P/E ratio of -13.49. The stock has a 50 day moving average of $7.35 and a 200 day moving average of $5.45.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.