FNY Investment Advisers LLC Makes New Investment in Lithium Americas (Argentina) Corp. $LAR

FNY Investment Advisers LLC acquired a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 99,158 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors have also recently modified their holdings of the company. Insigneo Advisory Services LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter worth $34,000. BNP Paribas Financial Markets raised its stake in Lithium Americas (Argentina) by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock valued at $38,000 after purchasing an additional 3,552 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Lithium Americas (Argentina) in the third quarter valued at about $38,000. SIH Partners LLLP bought a new stake in Lithium Americas (Argentina) during the third quarter worth about $57,000. Finally, JPMorgan Chase & Co. bought a new stake in Lithium Americas (Argentina) during the second quarter worth about $37,000. 49.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LAR has been the topic of several recent analyst reports. Wall Street Zen raised shares of Lithium Americas (Argentina) from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Deutsche Bank Aktiengesellschaft raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price target for the company in a report on Tuesday, January 13th. National Bank Financial increased their price target on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Stifel Nicolaus lifted their price objective on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $4.25 to $7.75 in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.66.

Lithium Americas (Argentina) Trading Up 6.8%

Lithium Americas (Argentina) stock opened at $7.54 on Friday. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $8.80. The business’s 50-day moving average price is $7.05 and its two-hundred day moving average price is $5.75.

Lithium Americas (Argentina) Company Profile

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.