Lithium Americas (Argentina) Corp. (NYSE:LAAC) Given Consensus Rating of “Moderate Buy” by Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.05.

A number of equities analysts have recently commented on LAAC shares. Hsbc Global Res upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Wednesday, August 14th. HSBC raised Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Scotiabank decreased their price target on Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating for the company in a research note on Thursday, August 15th.

Lithium Americas (Argentina) Trading Down 2.0 %

Lithium Americas (Argentina) stock opened at $3.60 on Tuesday. The stock has a 50-day moving average price of $2.75 and a two-hundred day moving average price of $3.71. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $7.18. The company has a market capitalization of $579.62 million, a PE ratio of 0.45 and a beta of 1.33.

Lithium Americas (Argentina) (NYSE:LAAC) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02).

Institutional Investors Weigh In On Lithium Americas (Argentina)

Several large investors have recently added to or reduced their stakes in LAAC. Cubist Systematic Strategies LLC acquired a new position in Lithium Americas (Argentina) in the second quarter valued at approximately $102,000. Decade Renewable Partners LP boosted its stake in Lithium Americas (Argentina) by 102.7% during the second quarter. Decade Renewable Partners LP now owns 547,625 shares of the company’s stock worth $1,752,000 after acquiring an additional 277,500 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Lithium Americas (Argentina) in the second quarter worth $31,000. Vanguard Personalized Indexing Management LLC bought a new stake in Lithium Americas (Argentina) in the second quarter valued at $36,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Lithium Americas (Argentina) by 8.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 67,635 shares of the company’s stock valued at $216,000 after purchasing an additional 5,503 shares during the period. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.