Lithium Americas (Argentina) Corp. (NYSE:LAR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.7714.

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased 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. TD Securities increased their price objective on Lithium Americas (Argentina) from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Monday, March 23rd. Wall Street Zen upgraded Lithium Americas (Argentina) from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Institutional investors have recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC bought a new position in Lithium Americas (Argentina) in the third quarter worth $34,000. JPMorgan Chase & Co. bought a new position in shares of Lithium Americas (Argentina) during the second quarter valued at $37,000. Sage Investment Counsel LLC bought a new position in shares of Lithium Americas (Argentina) during the third quarter valued at $38,000. BNP Paribas Financial Markets increased its holdings in shares of Lithium Americas (Argentina) by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock valued at $38,000 after acquiring an additional 3,552 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Lithium Americas (Argentina) by 538.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 6,995 shares of the company’s stock valued at $39,000 after acquiring an additional 5,900 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Trading Up 9.8%

LAR opened at $11.41 on Thursday. The stock has a fifty day simple moving average of $7.76 and a two-hundred day simple moving average of $6.52. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $11.51.

About Lithium Americas (Argentina)

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.