Lithium Americas (Argentina) (NYSE:LAR) Price Target Raised to $9.00

Lithium Americas (Argentina) (NYSE:LAR) had its price target upped by TD Securities from $7.00 to $9.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on LAR. Weiss Ratings reissued a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, December 24th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.75 to $9.60 in a research report on Monday, January 19th. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $4.25 to $7.75 in a report on Monday, January 12th. Stifel Nicolaus increased their price target 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, National Bank Financial raised their price target on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. 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. Based on data from MarketBeat, Lithium Americas (Argentina) has an average rating of “Moderate Buy” and a consensus price target of $7.66.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAR opened at $6.87 on Tuesday. Lithium Americas has a 52-week low of $1.71 and a 52-week high of $8.80. The business has a fifty day moving average of $7.19 and a two-hundred day moving average of $5.62.

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 purchased a new stake in Lithium Americas (Argentina) in the 3rd quarter valued at about $34,000. JPMorgan Chase & Co. purchased a new position in Lithium Americas (Argentina) during the second quarter worth about $37,000. Sage Investment Counsel LLC purchased a new position in Lithium Americas (Argentina) during the third quarter worth about $38,000. BNP Paribas Financial Markets increased its position in shares of Lithium Americas (Argentina) by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock valued at $38,000 after acquiring an additional 3,552 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Lithium Americas (Argentina) by 538.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 6,995 shares of the company’s stock valued at $39,000 after acquiring an additional 5,900 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

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.