Lithium Americas (Argentina) (NYSE:LAR) Sees Strong Trading Volume – Should You Buy?

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) saw an uptick in trading volume on Wednesday . 2,772,884 shares changed hands during trading, an increase of 57% from the previous session’s volume of 1,763,788 shares.The stock last traded at $5.46 and had previously closed at $4.79.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. National Bankshares raised Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. Scotiabank raised their target price on Lithium Americas (Argentina) from $3.50 to $4.25 and gave the stock a “sector perform” rating in a research report on Wednesday, November 12th. Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. Finally, National Bank Financial raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lithium Americas (Argentina) currently has a consensus rating of “Hold” and a consensus target price of $4.25.

Lithium Americas (Argentina) Trading Up 13.4%

The company has a 50 day moving average of $4.02 and a 200 day moving average of $3.03. The firm has a market cap of $881.29 million and a price-to-earnings ratio of -10.86.

Lithium Americas (Argentina) (NYSE:LAR) last released its 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 analysts forecast that Lithium Americas will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC bought a new stake in Lithium Americas (Argentina) during the second quarter worth $28,000. Sandhill Capital Partners LLC acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at approximately $29,000. Insigneo Advisory Services LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter worth $34,000. JPMorgan Chase & Co. bought a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter worth approximately $37,000. Finally, Sage Investment Counsel LLC bought a new stake in Lithium Americas (Argentina) during the third quarter worth $38,000. 49.17% of the stock is owned by institutional investors and hedge funds.

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.