Lithium Americas (Argentina) Corp. (NYSE:LAR) Receives Consensus Rating of “Moderate Buy” from Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAR) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.1286.

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Lithium Americas (Argentina) from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. TD Securities lifted their price objective on shares of Lithium Americas (Argentina) from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Zacks Research upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Scotiabank increased their target price on shares of Lithium Americas (Argentina) from $8.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Monday, March 23rd.

Institutional Trading of Lithium Americas (Argentina)

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in shares of Lithium Americas (Argentina) during the first quarter valued at approximately $572,000. Goldman Sachs Group Inc. bought a new position in shares of Lithium Americas (Argentina) during the first quarter valued at approximately $1,064,000. Woodline Partners LP purchased a new stake in shares of Lithium Americas (Argentina) in the first quarter worth approximately $3,456,000. JPMorgan Chase & Co. bought a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter worth approximately $37,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Lithium Americas (Argentina) by 7.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock worth $112,000 after acquiring an additional 3,575 shares during the last quarter. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of NYSE LAR opened at $9.22 on Monday. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $12.05. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $7.03. The stock has a market capitalization of $1.50 billion and a P/E ratio of -24.25.

Lithium Americas (Argentina) (NYSE:LAR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). As a group, equities research analysts anticipate that Lithium Americas will post 0.29 earnings per share for the current fiscal year.

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.