Lithium Americas (Argentina) (NYSE:LAR) Sees Large Volume Increase - What's Next?

Key Points

• Lithium Americas (Argentina) experienced a significant trading volume increase of 35%, with 1,765,012 shares traded, culminating in a stock price rise from $3.72 to $4.19.
• Analysts have issued several upgrades for the company's stock, with price targets rising; it was upgraded to "outperform" by National Bankshares, and its average target price now stands at $4.00.
• Institutional investors now hold approximately 49.17% of Lithium Americas (Argentina) shares, indicating increasing institutional interest in the company.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Get Free Report) saw strong trading volume on Friday . 1,765,012 shares traded hands during trading, an increase of 35% from the previous session's volume of 1,306,656 shares.The stock last traded at $4.19 and had previously closed at $3.72.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Cormark upgraded Lithium Americas (Argentina) to a "moderate buy" rating in a report on Wednesday, August 20th. National Bankshares upgraded Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. National Bank Financial upgraded Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 11th. BMO Capital Markets lifted their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Lithium Americas (Argentina) in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lithium Americas (Argentina) presently has an average rating of "Hold" and an average target price of $4.00.

Lithium Americas (Argentina) Stock Up 11.3%

The business has a 50-day moving average price of $3.22 and a 200-day moving average price of $2.50. The company has a market capitalization of $671.92 million and a price-to-earnings ratio of -37.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LAR. Wealth Enhancement Advisory Services LLC acquired a new position in Lithium Americas (Argentina) during the first quarter valued at $592,000. Robertson Stephens Wealth Management LLC acquired a new position in Lithium Americas (Argentina) during the first quarter valued at $56,000. Cambridge Investment Research Advisors Inc. acquired a new position in Lithium Americas (Argentina) during the first quarter valued at $41,000. Balboa Wealth Partners acquired a new position in Lithium Americas (Argentina) during the first quarter valued at $90,000. Finally, Mutual Advisors LLC acquired a new position in Lithium Americas (Argentina) during the first quarter valued at $103,000. 49.17% of the stock is owned by institutional investors and hedge funds.

About Lithium Americas (Argentina)

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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