Lithium Americas (Argentina) Corp. (LAR) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus on Lithium Americas (Argentina), with five buys, one strong buy, one hold and one sell among eight analysts. The average 12-month price target is $10.07, though recent ratings and price-target changes remain mixed.
• Institutional investors own approximately 49.17% of the company, with several firms—including ABN Amro Investment Solutions and Renaissance Technologies—initiating or expanding positions.
• LAR recently traded at $4.46, well below its 52-week high of $12.05, and its latest quarterly earnings of $0.01 per share missed the $0.05 consensus estimate.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.07.

LAR has been the subject of a number of recent analyst reports. Scotiabank decreased their price objective on Lithium Americas (Argentina) from $10.00 to $9.50 and set a "sector outperform" rating for the company in a report on Wednesday, August 12th. Zacks Research raised Lithium Americas (Argentina) from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 13th. Stifel Nicolaus boosted their price target on Lithium Americas (Argentina) from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lithium Americas (Argentina) in a research note on Tuesday, September 29th. Finally, Wall Street Zen cut Lithium Americas (Argentina) from a "hold" rating to a "sell" rating in a research note on Saturday, October 17th.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Hedge funds and other institutional investors have recently modified their holdings of the stock. ABN Amro Investment Solutions acquired a new stake in Lithium Americas (Argentina) in the first quarter worth about $6,335,000. Renaissance Technologies LLC acquired a new position in Lithium Americas (Argentina) during the 1st quarter valued at about $5,328,000. Bank of America Corp DE increased its stake in Lithium Americas (Argentina) by 45.4% during the 1st quarter. Bank of America Corp DE now owns 669,931 shares of the company's stock valued at $4,475,000 after buying an additional 209,252 shares during the period. Robertson Stephens Wealth Management LLC increased its stake in Lithium Americas (Argentina) by 1,042.6% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 159,571 shares of the company's stock valued at $878,000 after buying an additional 145,606 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth about $756,000. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Trading Up 0.1%

NYSE LAR opened at $4.46 on Thursday. The company has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $7.53. Lithium Americas has a 52 week low of $3.62 and a 52 week high of $12.05. The stock has a market cap of $732.71 million and a price-to-earnings ratio of -13.13.

Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). During the same quarter in the prior year, the company earned ($0.03) earnings per share. As a group, equities research analysts expect that Lithium Americas will post 0.17 earnings per share for the current fiscal year.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) Corp. is a lithium development and production company focused on properties in Argentina. Its principal asset is the Cauchari-Olaroz lithium project in Jujuy Province, a large-scale operation that produces lithium carbonate for use in electric vehicle batteries, energy-storage systems and other applications.

Cauchari-Olaroz is operated through Minera Exar, a joint venture involving Lithium Argentina, Ganfeng Lithium and the Jujuy provincial energy and mining company JEMSE.

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