Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives $4.00 Average PT from Brokerages

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $4.00.

Several brokerages recently weighed in on LAR. Zacks Research upgraded Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, October 8th. Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $2.90 to $4.50 in a report on Tuesday, August 12th. Finally, Scotiabank reissued a “sector perform” rating and issued a $3.50 price objective (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research note on Wednesday, August 13th.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cibc World Market Inc. raised its position in Lithium Americas (Argentina) by 2.3% in the third quarter. Cibc World Market Inc. now owns 128,053 shares of the company’s stock valued at $428,000 after purchasing an additional 2,940 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Lithium Americas (Argentina) by 3.0% in the second quarter. Brown Advisory Inc. now owns 103,636 shares of the company’s stock valued at $216,000 after buying an additional 3,000 shares during the period. Raymond James Financial Inc. increased its stake in shares of Lithium Americas (Argentina) by 14.1% in the second quarter. Raymond James Financial Inc. now owns 26,030 shares of the company’s stock valued at $54,000 after buying an additional 3,214 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Lithium Americas (Argentina) by 7.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock valued at $112,000 after buying an additional 3,575 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Lithium Americas (Argentina) by 24.1% during the 2nd quarter. Osaic Holdings Inc. now owns 38,027 shares of the company’s stock worth $79,000 after buying an additional 7,378 shares during the period. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of LAR opened at $3.90 on Thursday. The firm has a 50-day moving average of $3.87 and a 200-day moving average of $2.91. Lithium Americas has a one year low of $1.71 and a one year high of $5.47.

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.