Lithium Americas (Argentina) Corp. (NYSE:LAAC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered 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 $2.57 on Friday. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.79. The business has a 50-day simple moving average of $2.77 and a two-hundred day simple moving average of $2.93. The firm has a market cap of $416.17 million, a price-to-earnings ratio of 0.33 and a beta of 1.35.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Large investors have recently made changes to their positions in the company. Mariner LLC bought a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at about $32,000. Legacy Capital Group California Inc. bought a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter valued at about $36,000. Banco Santander S.A. bought a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at about $37,000. Ping Capital Management Inc. grew its stake in shares of Lithium Americas (Argentina) by 36.4% during the 4th quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $39,000 after purchasing an additional 4,000 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter valued at about $40,000. 49.17% of the stock is currently owned by institutional investors.

About Lithium Americas (Argentina)

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.