Lithium Americas (Argentina) Corp. (NYSE:LAAC) Given Consensus Rating of “Moderate Buy” by Brokerages

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has received an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.19.

Separately, Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th.

Hedge Funds Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC bought a new position in Lithium Americas (Argentina) during the 4th quarter valued at $32,000. Banco Santander S.A. bought a new position in Lithium Americas (Argentina) during the fourth quarter valued at about $37,000. Ping Capital Management Inc. boosted its stake in 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 buying an additional 4,000 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Lithium Americas (Argentina) during the third quarter valued at about $40,000. Finally, McCarthy Asset Management Inc. bought a new position in Lithium Americas (Argentina) during the third quarter valued at about $49,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Performance

Lithium Americas (Argentina) stock opened at $2.30 on Wednesday. The company has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $2.90. The firm has a market capitalization of $372.44 million, a P/E ratio of 0.30 and a beta of 1.35. Lithium Americas has a one year low of $2.07 and a one year high of $5.79.

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.