Lithium Americas (Argentina) Corp. (NYSE:LAR) Given Consensus Recommendation of “Hold” by Brokerages

Lithium Americas (Argentina) Corp. (NYSE:LAR) has been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.00.

LAR has been the subject of several recent research reports. Zacks Research raised shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. BMO Capital Markets raised their price objective on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. National Bank Financial raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. Finally, National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $2.90 to $4.50 in a report on Tuesday, August 12th.

Lithium Americas (Argentina) Price Performance

NYSE LAR opened at $3.73 on Thursday. The firm has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $2.89. Lithium Americas has a one year low of $1.71 and a one year high of $5.47.

Institutional Trading of Lithium Americas (Argentina)

Several hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lithium Americas (Argentina) by 9.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,786,166 shares of the company’s stock valued at $9,975,000 after acquiring an additional 408,065 shares in the last quarter. Hancock Prospecting Pty Ltd acquired a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $5,368,000. Invesco Ltd. raised its holdings in Lithium Americas (Argentina) by 42.3% in the second quarter. Invesco Ltd. now owns 2,198,736 shares of the company’s stock valued at $4,573,000 after acquiring an additional 653,351 shares in the last quarter. CenterBook Partners LP acquired a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $4,613,000. Finally, Woodline Partners LP acquired a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $3,456,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.