Boston Partners Acquires 18,096 Shares of Lithium Americas (Argentina) Corp. $LAR

Boston Partners lifted its stake in Lithium Americas (Argentina) Corp. (NYSE:LAR) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,505 shares of the company’s stock after purchasing an additional 18,096 shares during the quarter. Boston Partners owned about 0.08% of Lithium Americas (Argentina) worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Lithium Americas (Argentina) during the first quarter valued at $9,308,000. Hancock Prospecting Pty Ltd purchased a new stake in Lithium Americas (Argentina) during the 1st quarter valued at about $5,368,000. Woodline Partners LP bought a new stake in Lithium Americas (Argentina) during the 1st quarter valued at about $3,456,000. Invesco Ltd. bought a new stake in Lithium Americas (Argentina) during the 1st quarter valued at about $3,307,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $1,064,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. BMO Capital Markets lifted their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, August 12th. Cormark raised 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, Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.25.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAR opened at $5.56 on Monday. The stock’s 50-day simple moving average is $4.35 and its two-hundred day simple moving average is $3.21. The stock has a market capitalization of $902.39 million and a price-to-earnings ratio of -11.12. Lithium Americas has a 52-week low of $1.71 and a 52-week high of $5.68.

Lithium Americas (Argentina) (NYSE:LAR) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). As a group, equities analysts forecast that Lithium Americas will post -0.05 earnings per share for the current fiscal year.

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.