Lithium Americas (Argentina) (NYSE:LAR) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Lithium Americas (Argentina) (NYSE:LAR) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $8.30 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 10.96% from the company’s current price.

Several other research firms have also recently weighed in on LAR. Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, December 24th. Stifel Nicolaus increased their price target on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, January 7th. National Bankshares raised their price objective on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $4.25 to $7.75 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lithium Americas (Argentina) has an average rating of “Moderate Buy” and a consensus target price of $7.01.

Lithium Americas (Argentina) Stock Performance

Lithium Americas (Argentina) stock opened at $7.48 on Tuesday. Lithium Americas has a fifty-two week low of $1.71 and a fifty-two week high of $7.93. The firm’s 50-day simple moving average is $5.27 and its 200 day simple moving average is $4.03.

Lithium Americas (Argentina) (NYSE:LAR) last posted its earnings results on Monday, November 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). As a group, equities analysts expect that Lithium Americas will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Lithium Americas (Argentina) by 119.3% in the third quarter. Van ECK Associates Corp now owns 9,594,157 shares of the company’s stock worth $32,045,000 after buying an additional 5,219,416 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lithium Americas (Argentina) by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,786,166 shares of the company’s stock valued at $9,975,000 after purchasing an additional 408,065 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Lithium Americas (Argentina) by 102.1% during the 3rd quarter. CenterBook Partners LP now owns 4,200,238 shares of the company’s stock valued at $14,029,000 after purchasing an additional 2,122,035 shares during the last quarter. Invesco Ltd. raised its position in Lithium Americas (Argentina) by 6.1% in the 3rd quarter. Invesco Ltd. now owns 2,332,308 shares of the company’s stock worth $7,790,000 after purchasing an additional 133,572 shares during the period. Finally, Seldon Capital LP bought a new stake in Lithium Americas (Argentina) in the third quarter worth $6,076,000. Institutional investors own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.