Wells Fargo & Company MN Grows Position in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Wells Fargo & Company MN grew its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,772 shares of the company’s stock after purchasing an additional 89,591 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of Lithium Americas (Argentina) worth $581,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LAAC. Banco Santander S.A. purchased a new position in Lithium Americas (Argentina) in the 4th quarter valued at approximately $37,000. Ping Capital Management Inc. boosted its holdings in shares of Lithium Americas (Argentina) by 36.4% in the fourth quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock worth $39,000 after acquiring an additional 4,000 shares during the period. Jones Financial Companies Lllp grew its position in shares of Lithium Americas (Argentina) by 177.9% in the fourth quarter. Jones Financial Companies Lllp now owns 20,694 shares of the company’s stock valued at $54,000 after purchasing an additional 13,247 shares in the last quarter. Quotient Wealth Partners LLC bought a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at $61,000. Finally, Raymond James Financial Inc. purchased a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Down 1.0 %

Lithium Americas (Argentina) stock opened at $2.03 on Friday. The stock has a market cap of $328.72 million, a price-to-earnings ratio of 0.26 and a beta of 1.35. The business has a 50-day simple moving average of $2.14 and a 200 day simple moving average of $2.71. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $5.60.

Wall Street Analyst Weigh In

Separately, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lithium Americas (Argentina) has an average rating of “Moderate Buy” and a consensus price target of $7.42.

Lithium Americas (Argentina) Profile

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.