Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.4417.

Several brokerages have recently weighed in on LAR. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $4.25 to $7.75 in a research report on Monday, January 12th. TD Securities raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price target on the stock in a research note on Tuesday, January 13th. Stifel Nicolaus boosted their price target on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and upped their price objective for the company from $4.75 to $9.60 in a research note on Monday, January 19th.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LAR. Insigneo Advisory Services LLC acquired a new stake in shares of Lithium Americas (Argentina) in the third quarter valued at approximately $34,000. JPMorgan Chase & Co. purchased a new position in Lithium Americas (Argentina) during the 2nd quarter worth $37,000. Sage Investment Counsel LLC purchased a new position in Lithium Americas (Argentina) during the 3rd quarter worth $38,000. BNP Paribas Financial Markets increased its stake in Lithium Americas (Argentina) by 45.3% in the third 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 period. Finally, TD Waterhouse Canada Inc. raised its holdings 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 valued at $39,000 after buying an additional 5,900 shares during the last quarter. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Trading Up 3.6%

LAR opened at $7.12 on Wednesday. Lithium Americas has a one year low of $1.71 and a one year high of $8.80. The business’s 50-day simple moving average is $7.27 and its 200-day simple moving average is $5.37.

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.