50,445 Shares in Lithium Americas (Argentina) Corp. $LAR Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,445 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LAR. Wealth Enhancement Advisory Services LLC bought a new position in Lithium Americas (Argentina) during the first quarter worth about $592,000. Robertson Stephens Wealth Management LLC bought a new position in Lithium Americas (Argentina) during the first quarter worth about $56,000. Cambridge Investment Research Advisors Inc. bought a new position in Lithium Americas (Argentina) during the first quarter worth about $41,000. Balboa Wealth Partners bought a new position in Lithium Americas (Argentina) during the first quarter worth about $90,000. Finally, Mutual Advisors LLC bought a new position in Lithium Americas (Argentina) during the first quarter worth about $103,000. 49.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LAR has been the topic of several recent analyst reports. National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. Scotiabank reiterated a “sector perform” rating and set a $3.50 target price (up from $3.00) on shares of Lithium Americas (Argentina) in a report on Wednesday, August 13th. Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Finally, BMO Capital Markets upped their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Lithium Americas (Argentina) presently has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Lithium Americas (Argentina) Stock Up 6.0%

LAR stock opened at $3.53 on Friday. Lithium Americas has a fifty-two week low of $1.71 and a fifty-two week high of $3.96. The business has a 50-day moving average of $2.91 and a 200-day moving average of $2.37.

About Lithium Americas (Argentina)

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.