Old West Investment Management LLC purchased a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 111,145 shares of the company's stock, valued at approximately $238,000. Old West Investment Management LLC owned about 0.07% of Lithium Americas (Argentina) at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. CenterBook Partners LP bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth approximately $4,613,000. Invesco Ltd. bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth approximately $3,307,000. Formidable Asset Management LLC bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth approximately $779,000. Alps Advisors Inc. bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth approximately $627,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth approximately $592,000. 49.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
LAR has been the topic of a number of research analyst reports. National Bank Financial upgraded Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 11th. Scotiabank restated a "sector perform" rating and set a $3.50 price target (up from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. Cormark raised Lithium Americas (Argentina) to a "moderate buy" rating in a research note on Wednesday, August 20th. BMO Capital Markets lifted their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a "market perform" rating in a research note on Tuesday, August 12th. Finally, National Bankshares raised Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Lithium Americas (Argentina) has a consensus rating of "Moderate Buy" and an average price target of $4.00.
Read Our Latest Report on LAR
Lithium Americas (Argentina) Stock Performance
Shares of Lithium Americas (Argentina) stock opened at $3.21 on Monday. The firm has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.30. The stock has a market capitalization of $520.98 million and a price-to-earnings ratio of -29.18. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $3.96.
About Lithium Americas (Argentina)
(
Free Report)
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.
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