Lithium Americas (Argentina) (NYSE:LAR) Shares Gap Down – Should You Sell?

Lithium Americas (Argentina) Corp. (NYSE:LAR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.20, but opened at $4.86. Lithium Americas (Argentina) shares last traded at $4.82, with a volume of 1,389,092 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Wednesday, August 20th. National Bankshares raised Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Finally, Scotiabank upped their price objective on Lithium Americas (Argentina) from $3.50 to $4.25 and gave the company a “sector perform” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.25.

Lithium Americas (Argentina) Trading Down 6.5%

The firm has a market cap of $788.78 million and a price-to-earnings ratio of -9.72. The company has a 50 day moving average of $4.10 and a 200 day moving average of $3.07.

Lithium Americas (Argentina) (NYSE:LAR) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Equities analysts forecast that Lithium Americas will post -0.05 EPS for the current fiscal year.

Institutional Trading of Lithium Americas (Argentina)

A number of institutional investors have recently made changes to their positions in LAR. Stratos Wealth Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the 2nd quarter worth about $28,000. Sandhill Capital Partners LLC acquired a new position in Lithium Americas (Argentina) during the first quarter valued at approximately $29,000. Insigneo Advisory Services LLC bought a new position in Lithium Americas (Argentina) in the third quarter valued at approximately $34,000. JPMorgan Chase & Co. bought a new position in shares of Lithium Americas (Argentina) in the second quarter valued at $37,000. Finally, Sage Investment Counsel LLC bought a new stake in Lithium Americas (Argentina) during the third quarter worth $38,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.