Cormark Upgrades Lithium Americas (Argentina) (NYSE:LAR) to Moderate Buy

Lithium Americas (Argentina) (NYSE:LAR) was upgraded by investment analysts at Cormark to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Scotiabank restated a “sector perform” rating and set a $3.50 price target (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. BMO Capital Markets raised their price target on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $2.90 to $4.50 in a research report on Tuesday, August 12th. Finally, National Bank Financial upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.00.

Lithium Americas (Argentina) Trading Up 1.3%

NYSE:LAR opened at $3.14 on Wednesday. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $3.96. The company’s fifty day moving average price is $2.62 and its 200-day moving average price is $2.30.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. lifted its holdings in Lithium Americas (Argentina) by 3.0% during the second quarter. Brown Advisory Inc. now owns 103,636 shares of the company’s stock valued at $216,000 after purchasing an additional 3,000 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Lithium Americas (Argentina) by 14.1% during the second quarter. Raymond James Financial Inc. now owns 26,030 shares of the company’s stock valued at $54,000 after purchasing an additional 3,214 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Lithium Americas (Argentina) by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock valued at $112,000 after purchasing an additional 3,575 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new position in Lithium Americas (Argentina) during the second quarter valued at $28,000. Finally, Sandhill Capital Partners LLC purchased a new position in Lithium Americas (Argentina) during the first quarter valued at $29,000. 49.17% of the stock is owned by hedge funds and other 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.