Lithium Americas (Argentina) Corp. (NYSE:LAAC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.19.

Separately, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAAC opened at $2.77 on Tuesday. The firm has a market capitalization of $447.74 million, a P/E ratio of 0.35 and a beta of 1.35. The stock has a 50 day moving average price of $3.00 and a 200-day moving average price of $2.99. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.79.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management bought a new position in Lithium Americas (Argentina) in the 4th quarter worth about $93,000. Robertson Stephens Wealth Management LLC raised its holdings in Lithium Americas (Argentina) by 33.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 36,185 shares of the company’s stock worth $95,000 after buying an additional 9,017 shares during the last quarter. Ping Capital Management Inc. lifted its stake in shares of Lithium Americas (Argentina) by 36.4% in the fourth quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock worth $39,000 after buying an additional 4,000 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Lithium Americas (Argentina) by 37.1% during the third quarter. Tidal Investments LLC now owns 350,534 shares of the company’s stock valued at $1,143,000 after buying an additional 94,775 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Lithium Americas (Argentina) in the 3rd quarter worth approximately $40,000. 49.17% of the stock is owned by hedge funds and other institutional investors.

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.