Lithium Americas (Argentina) Corp. (NYSE:LAR - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $3.20, but opened at $3.36. Lithium Americas (Argentina) shares last traded at $3.55, with a volume of 1,102,736 shares changing hands.
Analyst Ratings Changes
A number of research firms have recently weighed in on LAR. National Bankshares upgraded shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Cormark upgraded Lithium Americas (Argentina) to a "moderate buy" rating in a report on Wednesday, August 20th. Zacks Research raised Lithium Americas (Argentina) from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. BMO Capital Markets raised their price objective 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, Scotiabank reissued a "sector perform" rating and set a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $4.00.
Check Out Our Latest Stock Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Stock Performance
The business has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $2.44. The firm has a market cap of $577.79 million and a price-to-earnings ratio of -32.36.
Institutional Investors Weigh In On Lithium Americas (Argentina)
Large investors have recently made changes to their positions in the business. Stratos Wealth Advisors LLC purchased a new position in shares of Lithium Americas (Argentina) in the 2nd quarter worth about $28,000. Sandhill Capital Partners LLC purchased a new position in Lithium Americas (Argentina) in the first quarter valued at about $29,000. JPMorgan Chase & Co. bought a new position in shares of Lithium Americas (Argentina) during the 2nd quarter valued at approximately $37,000. HighTower Advisors LLC purchased a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth approximately $40,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Lithium Americas (Argentina) in the 2nd quarter worth approximately $40,000. 49.17% of the stock is owned by hedge funds and other institutional investors.
About Lithium Americas (Argentina)
(
Get 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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