MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.06 Million Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 64.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,207,350 shares of the company’s stock after buying an additional 1,650,835 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Lithium Americas (Argentina) were worth $11,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LAAC. Mariner LLC acquired a new stake in Lithium Americas (Argentina) in the fourth quarter valued at about $32,000. Banco Santander S.A. acquired a new stake in Lithium Americas (Argentina) in the fourth quarter valued at about $37,000. Ping Capital Management Inc. boosted its stake in shares of Lithium Americas (Argentina) by 36.4% during the fourth 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Lithium Americas (Argentina) by 177.9% during the fourth quarter. Jones Financial Companies Lllp now owns 20,694 shares of the company’s stock valued at $54,000 after purchasing an additional 13,247 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at about $61,000. 49.17% of the stock is owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Trading Down 5.4%

Shares of LAAC stock opened at $1.94 on Friday. The business’s 50-day moving average price is $2.11 and its 200-day moving average price is $2.62. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.09. The firm has a market capitalization of $314.15 million, a price-to-earnings ratio of 0.25 and a beta of 1.35.

Analysts Set New Price Targets

Separately, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday, January 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.42.

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.