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

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.19.

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th.

Hedge Funds Weigh In On Lithium Americas (Argentina)

A number of hedge funds have recently modified their holdings of the stock. General Motors Holdings LLC purchased a new stake in shares of Lithium Americas (Argentina) during the third quarter valued at $48,907,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lithium Americas (Argentina) by 64.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company’s stock worth $11,058,000 after buying an additional 1,650,835 shares during the period. William Blair Investment Management LLC lifted its stake in Lithium Americas (Argentina) by 1.8% during the fourth quarter. William Blair Investment Management LLC now owns 3,230,750 shares of the company’s stock valued at $8,465,000 after buying an additional 58,481 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of Lithium Americas (Argentina) by 20.0% in the fourth quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock worth $8,112,000 after buying an additional 516,311 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Lithium Americas (Argentina) by 16.3% in the third quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company’s stock worth $10,615,000 after acquiring an additional 426,419 shares in the last quarter. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Price Performance

Shares of NYSE:LAAC opened at $2.55 on Friday. The stock’s 50 day moving average price is $2.76 and its 200 day moving average price is $2.93. The stock has a market cap of $412.93 million, a price-to-earnings ratio of 0.33 and a beta of 1.35. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.79.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.