Lithium Americas (Argentina) Corp. (NYSE:LAAC) Receives Consensus Rating of “Moderate Buy” from Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.70.

LAAC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $9.00 to $6.50 in a report on Thursday, January 11th. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective for the company in a research note on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, March 22nd.

Lithium Americas (Argentina) Trading Down 2.6 %

Lithium Americas (Argentina) stock opened at $4.87 on Tuesday. Lithium Americas has a 12 month low of $3.84 and a 12 month high of $8.79. The company has a current ratio of 9.16, a quick ratio of 9.16 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $5.42. The company has a market capitalization of $782.95 million, a price-to-earnings ratio of 0.61 and a beta of 1.31.

Lithium Americas (Argentina) (NYSE:LAAC) last issued its earnings results on Wednesday, March 20th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. As a group, equities analysts predict that Lithium Americas will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIFTHDELTA Ltd purchased a new stake in shares of Lithium Americas (Argentina) during the fourth quarter worth about $32,598,000. Van ECK Associates Corp bought a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at approximately $15,763,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lithium Americas (Argentina) in the fourth quarter worth $15,303,000. CenterBook Partners LP bought a new position in shares of Lithium Americas (Argentina) during the fourth quarter worth $6,877,000. Finally, RWC Asset Management LLP purchased a new position in Lithium Americas (Argentina) during the fourth quarter valued at $5,741,000. 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.