Wealth Enhancement Advisory Services LLC Raises Holdings in Lithium Americas (Argentina) Corp. $LAR

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 23.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,513 shares of the company’s stock after buying an additional 65,783 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.21% of Lithium Americas (Argentina) worth $712,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Lithium Americas (Argentina) during the first quarter worth about $1,064,000. Woodline Partners LP purchased a new stake in shares of Lithium Americas (Argentina) in the 1st quarter valued at approximately $3,456,000. Hancock Prospecting Pty Ltd purchased a new stake in shares of Lithium Americas (Argentina) in the 1st quarter valued at approximately $5,368,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Lithium Americas (Argentina) in the 1st quarter valued at $9,308,000. Finally, Royal Bank of Canada acquired a new stake in Lithium Americas (Argentina) during the 1st quarter worth $572,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LAR shares. Scotiabank restated 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. National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $2.90 to $4.50 in a research note on Tuesday, August 12th. BMO Capital Markets boosted their target price on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Saturday, September 27th. Finally, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.00.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAR opened at $4.14 on Friday. The company’s fifty day moving average is $3.23 and its 200-day moving average is $2.52. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $4.25.

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.