Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives $4.92 Average PT from Analysts

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) have received a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.9167.

Several research analysts recently issued reports on LAR shares. National Bankshares raised their target price on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Scotiabank lifted their price objective on Lithium Americas (Argentina) from $3.50 to $4.25 and gave the company a “sector perform” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, December 24th. Finally, Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th.

Lithium Americas (Argentina) Stock Performance

Shares of LAR stock opened at $5.49 on Friday. The business has a fifty day moving average of $4.85 and a 200 day moving average of $3.74. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $5.86.

Lithium Americas (Argentina) (NYSE:LAR) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Equities research analysts anticipate that Lithium Americas will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Institutional investors have recently made changes to their positions in the company. Insigneo Advisory Services LLC purchased a new stake in Lithium Americas (Argentina) during the third quarter worth $34,000. BNP Paribas Financial Markets raised its position in shares of Lithium Americas (Argentina) by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after acquiring an additional 3,552 shares during the period. Sage Investment Counsel LLC purchased a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter worth about $38,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter valued at about $28,000. Finally, SIH Partners LLLP purchased a new position in shares of Lithium Americas (Argentina) in the 3rd quarter valued at about $57,000. 49.17% of the stock is owned by hedge funds and other institutional investors.

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.