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

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.4417.

A number of equities analysts recently weighed in on LAR shares. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $4.25 to $7.75 in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price objective for the company in a research report on Tuesday, January 13th. Stifel Nicolaus upped their target price on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, December 24th. Finally, National Bankshares boosted their price target on Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) in the second quarter valued at $28,000. Insigneo Advisory Services LLC acquired a new position in Lithium Americas (Argentina) in the 3rd quarter valued at about $34,000. JPMorgan Chase & Co. acquired a new position in Lithium Americas (Argentina) in the 2nd quarter valued at about $37,000. Sage Investment Counsel LLC bought a new position in Lithium Americas (Argentina) in the 3rd quarter valued at about $38,000. Finally, BNP Paribas Financial Markets lifted its position in Lithium Americas (Argentina) by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after acquiring an additional 3,552 shares during the last quarter. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of NYSE:LAR opened at $8.20 on Tuesday. The company’s 50-day moving average price is $5.70 and its two-hundred day moving average price is $4.24. Lithium Americas has a one year low of $1.71 and a one year high of $8.67.

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

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.