Lithium Americas (Argentina) Corp. (NYSE:LAR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.25.

Several research analysts recently weighed in on LAR shares. Scotiabank lifted their price objective on shares of Lithium Americas (Argentina) from $3.50 to $4.25 and gave the stock a “sector perform” rating in a research note on Wednesday, November 12th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $2.90 to $4.50 in a report on Tuesday, August 12th. Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. 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. Finally, National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th.

Lithium Americas (Argentina) Trading Up 1.5%

NYSE LAR opened at $5.56 on Monday. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $5.68. The stock has a 50-day simple moving average of $4.35 and a 200 day simple moving average of $3.21. The company has a market capitalization of $902.39 million and a PE ratio of -11.12.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LAR. Stratos Wealth Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) during the second quarter worth $28,000. Sandhill Capital Partners LLC acquired a new position in Lithium Americas (Argentina) in the 1st quarter worth $29,000. Insigneo Advisory Services LLC bought a new position in Lithium Americas (Argentina) during the 3rd quarter worth about $34,000. JPMorgan Chase & Co. acquired a new stake in shares of Lithium Americas (Argentina) in the 2nd quarter valued at about $37,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Lithium Americas (Argentina) in the third quarter valued at about $38,000. Institutional investors own 49.17% of the company’s stock.

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.