Lithium Americas (Argentina) Corp. (NYSE:LAR) Stock Has Consensus Target Price of $9.32 According to Analysts

Lithium Americas (Argentina) Corp. (NYSE:LAR) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.32.

Several research analysts have issued reports on the company. Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Scotiabank reduced their price objective on Lithium Americas (Argentina) from $10.00 to $9.50 and set a “sector outperform” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lithium Americas (Argentina) in a report on Thursday, July 2nd. Finally, Stifel Nicolaus boosted their target price on Lithium Americas (Argentina) from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th.

Institutional Trading of Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its stake in Lithium Americas (Argentina) by 234.5% during the second quarter. WINTON GROUP Ltd now owns 66,100 shares of the company’s stock valued at $547,000 after buying an additional 46,339 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Lithium Americas (Argentina) by 44.0% in the second quarter. Engineers Gate Manager LP now owns 101,063 shares of the company’s stock worth $836,000 after acquiring an additional 30,895 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Lithium Americas (Argentina) during the second quarter valued at approximately $85,000. VectorGlobal IAG Inc. purchased a new stake in shares of Lithium Americas (Argentina) in the 1st quarter valued at approximately $100,000. Finally, Bank of America Corp DE lifted its position in shares of Lithium Americas (Argentina) by 45.4% in the 1st quarter. Bank of America Corp DE now owns 669,931 shares of the company’s stock valued at $4,475,000 after acquiring an additional 209,252 shares in the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Up 1.7%

Shares of LAR opened at $5.50 on Friday. The firm’s 50 day moving average is $6.30 and its 200-day moving average is $7.71. Lithium Americas has a 12-month low of $3.24 and a 12-month high of $12.05.

Lithium Americas (Argentina) (NYSE:LAR) last released its earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). During the same quarter last year, the business earned ($0.03) EPS. On average, research analysts anticipate that Lithium Americas will post 0.17 EPS for the current year.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp., now known as Lithium Argentina Corp., is a lithium development and production company focused on assets in Argentina. Its principal business is the production of lithium carbonate, a key raw material used in rechargeable batteries for electric vehicles, energy-storage systems and consumer electronics.

The company’s primary asset is the Cauchari-Olaroz lithium project in Jujuy Province, Argentina. Cauchari-Olaroz is a brine-based operation that began producing lithium carbonate in 2023.