276,600 Shares in Lithium Americas (Argentina) Corp. (NYSE:LAAC) Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 276,600 shares of the company's stock, valued at approximately $1,743,000. Intact Investment Management Inc. owned about 0.17% of Lithium Americas (Argentina) at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $281,000. FNY Investment Advisers LLC acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $62,000. Mutual Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $306,000. Quent Capital LLC acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $34,000. Finally, Fifth Third Bancorp acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 49.17% of the company's stock.

Lithium Americas (Argentina) Trading Up 7.4 %

Lithium Americas (Argentina) stock traded up $0.36 during trading on Friday, reaching $5.25. The company had a trading volume of 1,267,543 shares, compared to its average volume of 1,183,482. The company has a debt-to-equity ratio of 0.24, a quick ratio of 9.16 and a current ratio of 9.16. Lithium Americas has a 12-month low of $3.84 and a 12-month high of $8.79. The stock's 50 day moving average price is $4.98 and its two-hundred day moving average price is $5.36. The firm has a market capitalization of $844.04 million, a price-to-earnings ratio of 0.66 and a beta of 1.31.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. As a group, equities analysts expect that Lithium Americas will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LAAC. Deutsche Bank Aktiengesellschaft lowered shares of Lithium Americas (Argentina) from a "buy" rating to a "hold" rating and cut their price objective for the company from $9.00 to $6.50 in a research report on Thursday, January 11th. BMO Capital Markets lowered 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 report on Friday, March 22nd. Finally, Scotiabank upgraded shares of Lithium Americas (Argentina) from a "sector perform" rating to a "sector outperform" rating and set a $8.00 target price for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.70.

Lithium Americas (Argentina) 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.