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

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.21.

Several equities analysts recently commented on LAAC shares. National Bankshares set a $6.00 price target on shares of Lithium Americas (Argentina) and gave the company a “sector perform” rating in a research note on Thursday, June 6th. Hsbc Global Res upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Wednesday, August 14th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Scotiabank reduced their price target on Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating on the stock in a research report on Thursday, August 15th. Finally, National Bank Financial upgraded Lithium Americas (Argentina) to a “hold” rating in a research note on Wednesday, June 5th.

Lithium Americas (Argentina) Stock Up 3.4 %

Shares of LAAC stock opened at $2.61 on Friday. Lithium Americas has a 12-month low of $2.07 and a 12-month high of $8.79. The firm has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $3.95. The company has a market capitalization of $420.00 million, a PE ratio of 0.33 and a beta of 1.32.

Lithium Americas (Argentina) (NYSE:LAAC) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02).

Institutional Investors Weigh In On Lithium Americas (Argentina)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. General Motors Holdings LLC bought a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth $80,862,000. FIFTHDELTA Ltd bought a new position in shares of Lithium Americas (Argentina) in the fourth quarter worth about $32,598,000. William Blair Investment Management LLC acquired a new stake in shares of Lithium Americas (Argentina) in the 2nd quarter valued at approximately $10,465,000. M&G Plc bought a new stake in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $5,944,000. Finally, CenterBook Partners LP acquired a new position in Lithium Americas (Argentina) during the 4th quarter worth approximately $6,877,000. 49.17% of the stock is currently owned by institutional investors.

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.