Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.42.
Separately, Cormark raised shares of Lithium Americas (Argentina) to a "moderate buy" rating in a research report on Monday, January 20th.
Check Out Our Latest Research Report on LAAC
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of LAAC. Point72 Asset Management L.P. increased its position in shares of Lithium Americas (Argentina) by 76.2% in the fourth quarter. Point72 Asset Management L.P. now owns 432,813 shares of the company's stock worth $1,134,000 after acquiring an additional 187,183 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $11,058,000 after purchasing an additional 1,650,835 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Lithium Americas (Argentina) by 80.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 67,677 shares of the company's stock valued at $177,000 after purchasing an additional 30,173 shares during the period. Credit Industriel ET Commercial acquired a new position in shares of Lithium Americas (Argentina) during the fourth quarter worth about $236,000. Finally, MYDA Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the fourth quarter worth about $406,000. Hedge funds and other institutional investors own 49.17% of the company's stock.
Lithium Americas (Argentina) Trading Up 4.5 %
LAAC traded up $0.09 during midday trading on Friday, hitting $2.08. The company's stock had a trading volume of 661,629 shares, compared to its average volume of 1,354,905. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.60. The firm has a 50-day moving average price of $2.28 and a two-hundred day moving average price of $2.84. The firm has a market cap of $336.82 million, a P/E ratio of 0.27 and a beta of 1.35.
About Lithium Americas (Argentina)
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Get Free ReportLithium 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.
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