Wall Street Zen Upgrades Lithium Americas (Argentina) (NYSE:LAR) to “Hold”

Lithium Americas (Argentina) (NYSE:LAR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

LAR has been the subject of a number of other reports. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $4.25 to $7.75 in a research note on Monday, January 12th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.75 to $9.60 in a research note on Monday, January 19th. TD Securities upped their price target on shares of Lithium Americas (Argentina) from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Stifel Nicolaus increased their price objective on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.66.

Lithium Americas (Argentina) Stock Up 0.1%

Shares of LAR opened at $6.26 on Friday. The business has a 50-day simple moving average of $7.15 and a two-hundred day simple moving average of $5.67. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $8.80. The stock has a market cap of $1.02 billion and a price-to-earnings ratio of -13.31.

Institutional Trading of Lithium Americas (Argentina)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its holdings in Lithium Americas (Argentina) by 538.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 6,995 shares of the company’s stock worth $39,000 after purchasing an additional 5,900 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at approximately $34,000. BNP Paribas Financial Markets raised its position in shares of Lithium Americas (Argentina) by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock valued at $38,000 after buying an additional 3,552 shares during the last quarter. Sage Investment Counsel LLC bought a new stake in shares of Lithium Americas (Argentina) during the third quarter valued at approximately $38,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Lithium Americas (Argentina) by 250.0% in the fourth quarter. Fifth Third Bancorp now owns 14,000 shares of the company’s stock worth $78,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

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.