Analysts Set Lithium Americas (Argentina) Corp. (NYSE:LAAC) Target Price at $10.70

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.70.

Several analysts recently weighed in on the stock. Scotiabank raised shares of Lithium Americas (Argentina) from a "sector perform" rating to a "sector outperform" rating and set a $8.00 price objective on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Lithium Americas (Argentina) from a "buy" rating to a "hold" rating and dropped their price objective for the company from $9.00 to $6.50 in a report on Thursday, January 11th. Finally, BMO Capital Markets decreased their target price on shares of Lithium Americas (Argentina) from $7.00 to $6.50 and set a "market perform" rating for the company in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Institutional investors have recently added to or reduced their stakes in the company. FIFTHDELTA Ltd bought a new position in shares of Lithium Americas (Argentina) during the 4th quarter valued at approximately $32,598,000. Vanguard Group Inc. purchased a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at approximately $22,367,000. Van ECK Associates Corp purchased a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at approximately $15,763,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at approximately $15,303,000. Finally, CenterBook Partners LP purchased a new stake in Lithium Americas (Argentina) in the 4th quarter worth approximately $6,877,000. 49.17% of the stock is owned by institutional investors.

Lithium Americas (Argentina) Stock Up 5.3 %

Shares of NYSE LAAC traded up $0.27 during midday trading on Friday, reaching $5.39. 2,064,779 shares of the company were exchanged, compared to its average volume of 1,935,005. The company's 50-day moving average price is $4.64. The stock has a market capitalization of $866.55 million, a PE ratio of 0.67 and a beta of 1.31. Lithium Americas has a one year low of $3.84 and a one year high of $8.79. The company has a current ratio of 9.16, a quick ratio of 9.16 and a debt-to-equity ratio of 0.24.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.