FNY Investment Advisers LLC Invests $553,000 in Lithium Americas (Argentina) Corp. $LAR

FNY Investment Advisers LLC bought a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 99,158 shares of the company’s stock, valued at approximately $553,000. FNY Investment Advisers LLC owned about 0.06% of Lithium Americas (Argentina) as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Insigneo Advisory Services LLC bought a new stake in Lithium Americas (Argentina) in the third quarter valued at approximately $34,000. JPMorgan Chase & Co. acquired a new position in shares of Lithium Americas (Argentina) during the 2nd quarter worth approximately $37,000. Sage Investment Counsel LLC bought a new stake in Lithium Americas (Argentina) in the 3rd quarter valued at $38,000. BNP Paribas Financial Markets lifted its holdings in Lithium Americas (Argentina) by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock valued at $38,000 after purchasing an additional 3,552 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Lithium Americas (Argentina) during the second quarter worth $40,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LAR shares. HSBC raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and increased their price objective for the company from $4.75 to $9.60 in a research report on Monday, January 19th. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $4.25 to $7.75 in a research report on Monday, January 12th. Stifel Nicolaus boosted their price objective on Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock 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 research note on Monday, March 23rd. Finally, National Bank Financial boosted their price target on Lithium Americas (Argentina) from $4.75 to $6.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.66.

Lithium Americas (Argentina) Price Performance

NYSE LAR opened at $7.54 on Friday. The firm has a 50-day moving average price of $7.05 and a two-hundred day moving average price of $5.75. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $8.80.

Lithium Americas (Argentina) 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.