Cambridge Investment Research Advisors Inc. bought a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,050 shares of the company’s stock, valued at approximately $41,000.
Separately, Wealth Enhancement Advisory Services LLC bought a new position in shares of Lithium Americas (Argentina) in the first quarter valued at about $592,000. Institutional investors own 49.17% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Scotiabank dropped their price objective on Lithium Americas (Argentina) from $3.50 to $3.00 and set a “sector outperform” rating for the company in a report on Tuesday, May 20th. National Bankshares decreased their target price on Lithium Americas (Argentina) from $3.75 to $3.50 and set a “sector perform” rating for the company in a research report on Wednesday, March 19th.
Lithium Americas (Argentina) Trading Up 1.4%
Shares of Lithium Americas (Argentina) stock opened at $2.57 on Wednesday. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $3.96. The business’s 50 day moving average is $2.05.
Lithium Americas (Argentina) (NYSE:LAR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). As a group, equities analysts expect that Lithium Americas will post -0.05 earnings per share for the current fiscal year.
Lithium Americas (Argentina) Profile
Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.
Further Reading
- Five stocks we like better than Lithium Americas (Argentina)
- What is diluted earnings per share (Diluted EPS)?
- JPMorgan Q2 Results Affirm Dividend, Buybacks, & Growth
- Pros And Cons Of Monthly Dividend Stocks
- Goldman Spotlights These 3 Stocks in Its Bullish S&P 500 Outlook
- Best Stocks Under $10.00
- Fastenal Surges After Earnings Beat, Tariff Risks Loom
Receive News & Ratings for Lithium Americas (Argentina) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas (Argentina) and related companies with MarketBeat.com's FREE daily email newsletter.
