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

Lithium Americas (Argentina) Corp. (NYSE:LAACGet Free Report) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.70.

LAAC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $9.00 to $6.50 in a report on Thursday, January 11th. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective for the company in a research note on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, March 22nd.

Get Our Latest Stock Analysis on Lithium Americas (Argentina)

Lithium Americas (Argentina) Trading Down 2.6 %

Lithium Americas (Argentina) stock opened at $4.87 on Tuesday. Lithium Americas has a 12 month low of $3.84 and a 12 month high of $8.79. The company has a current ratio of 9.16, a quick ratio of 9.16 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $5.42. The company has a market capitalization of $782.95 million, a price-to-earnings ratio of 0.61 and a beta of 1.31.

Lithium Americas (Argentina) (NYSE:LAACGet Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. As a group, equities analysts predict that Lithium Americas will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIFTHDELTA Ltd purchased a new stake in shares of Lithium Americas (Argentina) during the fourth quarter worth about $32,598,000. Van ECK Associates Corp bought a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at approximately $15,763,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lithium Americas (Argentina) in the fourth quarter worth $15,303,000. CenterBook Partners LP bought a new position in shares of Lithium Americas (Argentina) during the fourth quarter worth $6,877,000. Finally, RWC Asset Management LLP purchased a new position in Lithium Americas (Argentina) during the fourth quarter valued at $5,741,000. 49.17% of the stock is owned by institutional investors.

About Lithium Americas (Argentina)

(Get Free Report

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.

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Analyst Recommendations for Lithium Americas (Argentina) (NYSE:LAAC)

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