Lithium Americas (Argentina) Corp. (NYSE:LAAC) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.19.

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

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of large investors have recently bought and sold shares of LAAC. Legacy Capital Group California Inc. bought a new position in Lithium Americas (Argentina) in the third quarter valued at about $36,000. Sanctuary Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) in the third quarter valued at approximately $40,000. Mariner LLC bought a new position in Lithium Americas (Argentina) in the 4th quarter valued at approximately $32,000. Banco Santander S.A. acquired a new stake in Lithium Americas (Argentina) during the 4th quarter worth approximately $37,000. Finally, McCarthy Asset Management Inc. bought a new stake in Lithium Americas (Argentina) during the 3rd quarter worth approximately $49,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Stock Down 1.2 %

Shares of NYSE:LAAC traded down $0.03 during midday trading on Friday, reaching $2.57. 853,488 shares of the company were exchanged, compared to its average volume of 914,281. The firm has a market cap of $416.17 million, a PE ratio of 0.33 and a beta of 1.35. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.79. The stock has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $2.93.

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.