Lithium Americas (Argentina) (NYSE:LAR) Price Target Raised to $4.00

Lithium Americas (Argentina) (NYSE:LAR) had its price objective lifted by BMO Capital Markets from $2.50 to $4.00 in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Separately, Scotiabank reduced their price objective on shares of Lithium Americas (Argentina) from $3.50 to $3.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 20th.

Lithium Americas (Argentina) Stock Down 1.1%

Shares of LAR stock opened at $3.63 on Tuesday. Lithium Americas has a 52-week low of $1.71 and a 52-week high of $3.96. The stock has a 50-day moving average price of $2.43.

Lithium Americas (Argentina) (NYSE:LAR) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). On average, equities analysts expect that Lithium Americas will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors have recently added to or reduced their stakes in LAR. Wealth Enhancement Advisory Services LLC bought a new position in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $592,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $56,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $41,000. Balboa Wealth Partners bought a new position in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $90,000. Finally, Mutual Advisors LLC bought a new position in shares of Lithium Americas (Argentina) during the 1st quarter valued at approximately $103,000. 49.17% of the stock is owned by institutional investors.

Lithium Americas (Argentina) Company 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.