Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Lithium Americas (Argentina) an average rating of Moderate Buy from nine firms (1 sell, 2 hold, 5 buy, 1 strong buy) and an average 12‑month price target of about $7.77, with several recent upgrades pushing targets as high as $9.60.
• Shares are trading around $9.62 (50‑day MA $7.55, 200‑day MA $6.38) with a 1‑year range of $1.71–$9.99, a market capitalization of roughly $1.56 billion, a negative P/E, and about 49% institutional ownership.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.7714.

Several analysts have issued reports on LAR shares. Wall Street Zen raised shares of Lithium Americas (Argentina) from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. Stifel Nicolaus upped their price target on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock a "buy" rating in a research report on Wednesday, January 7th. TD Securities increased their price objective on shares of Lithium Americas (Argentina) from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Tuesday, March 24th. HSBC raised shares of Lithium Americas (Argentina) from a "hold" rating to a "buy" rating and increased their price objective for the company from $4.75 to $9.60 in a research report on Monday, January 19th. Finally, Scotiabank increased their price objective on shares of Lithium Americas (Argentina) from $7.75 to $8.50 and gave the company a "sector outperform" rating in a research report on Monday, April 6th.

Lithium Americas (Argentina) Trading Down 0.1%

NYSE LAR opened at $9.62 on Thursday. The firm's fifty day moving average price is $7.55 and its two-hundred day moving average price is $6.38. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $9.99. The firm has a market capitalization of $1.56 billion and a P/E ratio of -20.46.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Several large investors have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC bought a new position in shares of Lithium Americas (Argentina) in the first quarter valued at about $543,000. Banque Cantonale Vaudoise raised its position in shares of Lithium Americas (Argentina) by 12.9% in the first quarter. Banque Cantonale Vaudoise now owns 87,481 shares of the company's stock valued at $584,000 after purchasing an additional 10,000 shares during the period. Hsbc Holdings PLC bought a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at about $107,000. Empowered Funds LLC bought a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at about $138,000. Finally, XTX Topco Ltd raised its position in shares of Lithium Americas (Argentina) by 33.3% in the fourth quarter. XTX Topco Ltd now owns 88,086 shares of the company's stock valued at $492,000 after purchasing an additional 22,027 shares during the period. 49.17% of the stock is owned by institutional investors.

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.

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