Lithium Americas (Argentina) (NYSE:LAR) Stock Rating Lowered by Wall Street Zen

Lithium Americas (Argentina) (NYSE:LAR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

Several other equities analysts have also commented on LAR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lithium Americas (Argentina) in a research report on Tuesday, September 29th. Stifel Nicolaus lifted their price target on shares of Lithium Americas (Argentina) from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Zacks Research raised shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. National Bank Financial lowered their price objective on shares of Lithium Americas (Argentina) from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Finally, Scotiabank dropped their price objective on Lithium Americas (Argentina) from $10.00 to $9.50 and set a “sector outperform” rating for the company in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lithium Americas (Argentina) currently has a consensus rating of “Moderate Buy” and an average target price of $10.07.

Lithium Americas (Argentina) Price Performance

NYSE LAR opened at $4.17 on Friday. Lithium Americas has a 12 month low of $3.62 and a 12 month high of $12.05. The company has a 50-day moving average of $5.76 and a 200-day moving average of $7.37. The company has a market cap of $683.48 million and a P/E ratio of -12.25.

Lithium Americas (Argentina) (NYSE:LAR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). During the same period last year, the firm posted ($0.03) EPS. As a group, equities research analysts anticipate that Lithium Americas will post 0.17 EPS for the current year.

Institutional Trading of Lithium Americas (Argentina)

Institutional investors and hedge funds have recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC lifted its position in Lithium Americas (Argentina) by 1,042.6% during the third quarter. Robertson Stephens Wealth Management LLC now owns 159,571 shares of the company’s stock valued at $878,000 after buying an additional 145,606 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Lithium Americas (Argentina) by 234.5% in the second quarter. WINTON GROUP Ltd now owns 66,100 shares of the company’s stock worth $547,000 after acquiring 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) in the second quarter worth $85,000. Finally, VectorGlobal IAG Inc. purchased a new position in shares of Lithium Americas (Argentina) in the 1st quarter valued at $100,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp., formerly known as Lithium Americas (Argentina) Corp. and associated with the NYSE symbol LAR, is a lithium development and production company focused on projects in Argentina. Its principal asset is the Cauchari-Olaroz lithium brine project in Jujuy Province, a region recognized for its significant lithium resources.

Cauchari-Olaroz produces lithium carbonate, a key raw material used in rechargeable batteries for electric vehicles, energy-storage systems, consumer electronics and other applications.