Lithium Americas (Argentina) Corp. (NYSE:LAAC) Receives $10.70 Consensus PT from Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAACGet Free Report) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.70.

LAAC has been the topic of a number of research reports. BMO Capital Markets decreased their price target on Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective on the stock in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $6.50 in a report on Thursday, January 11th.

Check Out Our Latest Research Report on LAAC

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of hedge funds have recently added to or reduced their stakes in LAAC. Allworth Financial LP acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter worth approximately $32,000. Quent Capital LLC purchased a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at $34,000. Shell Asset Management Co. acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter valued at $42,000. Fifth Third Bancorp acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter valued at $53,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Up 5.3 %

NYSE:LAAC opened at $5.39 on Friday. The company has a quick ratio of 9.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $4.64. Lithium Americas has a 52 week low of $3.84 and a 52 week high of $8.79. The firm has a market capitalization of $866.55 million, a PE ratio of 0.67 and a beta of 1.31.

Lithium Americas (Argentina) Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lithium Americas (Argentina) (NYSE:LAAC)

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