Brokerages Set Lithium Americas (Argentina) Corp. (NYSE:LAAC) Price Target at $7.19

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.19.

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday, January 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LAAC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Lithium Americas (Argentina) by 64.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company’s stock worth $11,058,000 after buying an additional 1,650,835 shares during the last quarter. CenterBook Partners LP boosted its stake in Lithium Americas (Argentina) by 20.0% in the fourth quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock valued at $8,112,000 after acquiring an additional 516,311 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Lithium Americas (Argentina) by 76.2% during the 4th quarter. Point72 Asset Management L.P. now owns 432,813 shares of the company’s stock valued at $1,134,000 after acquiring an additional 187,183 shares during the period. MYDA Advisors LLC purchased a new stake in shares of Lithium Americas (Argentina) during the 4th quarter worth approximately $406,000. Finally, Virtu Financial LLC bought a new stake in shares of Lithium Americas (Argentina) in the 3rd quarter worth approximately $317,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Down 0.5 %

LAAC stock opened at $2.18 on Wednesday. The stock’s 50 day moving average is $2.59 and its 200-day moving average is $2.90. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $5.79. The firm has a market capitalization of $353.01 million, a PE ratio of 0.28 and a beta of 1.35.

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.