Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.6643.

A number of research analysts recently weighed in on LAR shares. HSBC upgraded 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. Wall Street Zen raised Lithium Americas (Argentina) from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price objective for the company in a report on Tuesday, January 13th. Finally, Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $4.25 to $7.75 in a research report on Monday, January 12th.

Institutional Trading of Lithium Americas (Argentina)

Several hedge funds have recently bought and sold shares of LAR. TD Waterhouse Canada Inc. raised its stake in shares of Lithium Americas (Argentina) by 538.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,995 shares of the company’s stock worth $39,000 after buying an additional 5,900 shares during the period. Insigneo Advisory Services LLC bought a new position in shares of Lithium Americas (Argentina) during the 3rd quarter valued at approximately $34,000. BNP Paribas Financial Markets increased its holdings in Lithium Americas (Argentina) by 45.3% in the 3rd 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 in the last quarter. Sage Investment Counsel LLC purchased a new stake in Lithium Americas (Argentina) in the 3rd quarter worth approximately $38,000. Finally, Fifth Third Bancorp raised its stake in Lithium Americas (Argentina) by 250.0% during the 4th quarter. Fifth Third Bancorp now owns 14,000 shares of the company’s stock worth $78,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE LAR opened at $7.54 on Friday. Lithium Americas has a twelve month low of $1.71 and a twelve month high of $8.80. The company has a 50 day moving average of $7.03 and a 200 day moving average of $5.79.

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.