Analysts Set Lithium Americas (Argentina) Corp. (NYSE:LAAC) PT at $7.19

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target 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.

Lithium Americas (Argentina) Stock Performance

NYSE:LAAC opened at $2.57 on Friday. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.79. The stock has a fifty day moving average of $2.79 and a 200 day moving average of $2.93. The firm has a market capitalization of $416.17 million, a price-to-earnings ratio of 0.33 and a beta of 1.35.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Large investors have recently added to or reduced their stakes in the stock. General Motors Holdings LLC purchased a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at approximately $48,907,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lithium Americas (Argentina) by 64.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company’s stock valued at $11,058,000 after acquiring an additional 1,650,835 shares during the period. CenterBook Partners LP increased its holdings in Lithium Americas (Argentina) by 20.0% during the 4th quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock worth $8,112,000 after purchasing an additional 516,311 shares during the period. Van ECK Associates Corp boosted its stake in shares of Lithium Americas (Argentina) by 16.3% during the third quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company’s stock valued at $10,615,000 after purchasing an additional 426,419 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Lithium Americas (Argentina) by 76.2% in the 4th quarter. Point72 Asset Management L.P. now owns 432,813 shares of the company’s stock worth $1,134,000 after acquiring an additional 187,183 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

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.