HSBC upgraded shares of Lithium Americas (Argentina) (NYSE:LAAC – Free Report) from a hold rating to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus reduced their price objective on Lithium Americas (Argentina) from $18.50 to $12.00 and set a buy rating on the stock in a research note on Tuesday, May 21st. National Bank Financial upgraded shares of Lithium Americas (Argentina) to a hold rating in a research report on Wednesday, June 5th. Finally, National Bankshares set a $6.00 price objective on shares of Lithium Americas (Argentina) and gave the company a sector perform rating in a research report on Thursday, June 6th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $8.21.
Read Our Latest Research Report on Lithium Americas (Argentina)
Lithium Americas (Argentina) Trading Up 6.0 %
Institutional Trading of Lithium Americas (Argentina)
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Lithium Americas (Argentina) during the 1st quarter worth approximately $27,000. Fairscale Capital LLC acquired a new stake in Lithium Americas (Argentina) during the 2nd quarter worth $31,000. Fifth Third Bancorp raised its position in shares of Lithium Americas (Argentina) by 67.9% during the 2nd quarter. Fifth Third Bancorp now owns 9,895 shares of the company’s stock valued at $32,000 after acquiring an additional 4,000 shares during the last quarter. Ping Capital Management Inc. acquired a new position in shares of Lithium Americas (Argentina) in the 2nd quarter valued at $35,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Lithium Americas (Argentina) in the 2nd quarter worth $36,000. 49.17% of the stock is owned by institutional investors.
About Lithium Americas (Argentina)
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.
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