Northwestern Mutual Wealth Management Co. Acquires Shares of 50,445 Lithium Americas (Argentina) Corp. $LAR

Northwestern Mutual Wealth Management Co. acquired a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,445 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LAR. Sandhill Capital Partners LLC bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $29,000. HighTower Advisors LLC bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $40,000. Cambridge Investment Research Advisors Inc. bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $41,000. Banco Santander S.A. bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $46,000. Finally, Quotient Wealth Partners LLC bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $49,000. Institutional investors own 49.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LAR. Scotiabank reaffirmed a “sector perform” rating and issued a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. National Bankshares raised Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2.90 to $4.50 in a research report on Tuesday, August 12th. BMO Capital Markets upped their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Finally, Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Lithium Americas (Argentina) Trading Up 6.0%

NYSE:LAR opened at $3.53 on Friday. The stock has a fifty day moving average price of $2.91 and a 200-day moving average price of $2.37. Lithium Americas has a fifty-two week low of $1.71 and a fifty-two week high of $3.96.

Lithium Americas (Argentina) Profile

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.