BMO Capital Markets Issues Positive Forecast for Lithium Americas (Argentina) (NYSE:LAR) Stock Price

Lithium Americas (Argentina) (NYSE:LAR) had its target price upped by BMO Capital Markets from $2.50 to $4.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Separately, Scotiabank decreased their price target on shares of Lithium Americas (Argentina) from $3.50 to $3.00 and set a “sector outperform” rating for the company in a research note on Tuesday, May 20th.

Lithium Americas (Argentina) Stock Down 1.1%

LAR opened at $3.63 on Tuesday. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $3.96. The firm has a fifty day moving average of $2.43.

Lithium Americas (Argentina) (NYSE:LAR) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, equities analysts predict that Lithium Americas will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $9,308,000. Hancock Prospecting Pty Ltd bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $5,368,000. CenterBook Partners LP bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $4,613,000. Woodline Partners LP bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $3,456,000. Finally, Invesco Ltd. bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $3,307,000. 49.17% of the stock is owned by institutional investors.

Lithium Americas (Argentina) Company 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.