TD Securities Boosts Lithium Americas (Argentina) (NYSE:LAR) Price Target to $9.00

Lithium Americas (Argentina) (NYSE:LAR) had its price objective increased by stock analysts at TD Securities from $7.00 to $9.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 24.26% from the company’s current price.

Several other equities research analysts have also recently weighed in on LAR. National Bank Financial upped their target price on Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, December 24th. Stifel Nicolaus boosted their price target on Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $4.25 to $7.75 in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price objective on the stock in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.66.

Lithium Americas (Argentina) Stock Up 2.7%

Shares of Lithium Americas (Argentina) stock opened at $7.24 on Tuesday. The company has a 50 day moving average of $7.22 and a 200-day moving average of $5.61. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $8.80.

Institutional Trading of Lithium Americas (Argentina)

A number of hedge funds and other institutional investors have recently modified their holdings of LAR. Insigneo Advisory Services LLC bought a new position in shares of Lithium Americas (Argentina) in the 3rd quarter valued at $34,000. JPMorgan Chase & Co. acquired a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter valued at $37,000. Sage Investment Counsel LLC bought a new stake in Lithium Americas (Argentina) during the 3rd quarter worth $38,000. BNP Paribas Financial Markets grew its position in Lithium Americas (Argentina) by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after acquiring an additional 3,552 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Lithium Americas (Argentina) by 538.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 6,995 shares of the company’s stock worth $39,000 after purchasing an additional 5,900 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.