Nuveen LLC Invests $176,000 in Lithium Americas (Argentina) Corp. $LAR

Nuveen LLC purchased a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 82,777 shares of the company’s stock, valued at approximately $176,000. Nuveen LLC owned about 0.05% of Lithium Americas (Argentina) as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of LAR. CenterBook Partners LP bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $4,613,000. Invesco Ltd. bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $3,307,000. Formidable Asset Management LLC bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $779,000. Alps Advisors Inc. bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $627,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $592,000. Institutional investors own 49.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LAR shares. Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. National Bank Financial raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. Scotiabank reissued a “sector perform” rating and issued a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a report on Wednesday, August 13th. Finally, BMO Capital Markets raised their target price on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAR opened at $3.53 on Friday. The firm’s 50 day moving average is $2.91 and its two-hundred day moving average is $2.36. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $3.96.

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.